generate $6.6 million to help offset state budget cuts
set at $385
of Virginia students will pay an additional $385 next semester
to help cover $16 million in new state budget cuts, U.Va. President
John T. Casteen III announced at a budget briefing on Wednesday.
are trying to prevent severe short-and long-term damage to the
Universitys core academic programs and to meet our obligations
to enrolled students, he said.
The surcharge, which applies to all students, including U.Va.s
schools, will generate $6.6 million in revenue.
are committed to meeting the financial need that the surcharge
may create for undergraduates and graduate students, Casteen
said, and so we have allocated about $725,000 to financial
aid. $5.9 million will be used to protect core academic
the current fiscal year, cuts to the Universitys general
fund (tax) appropriation now total $41.9 million. Tuition increases
effective this fall, which produced $12.1 million, combined with
the new surcharge, will offset $18 million of those cuts.
the surcharge, Virginia undergraduates will pay $4,980 in tuition
and required fees this year. The total for out-of-state students
will be $20,190.
W. Sandridge, U.Va.s executive
vice president and chief operating officer, noted that no
one expects the state budget problems to be short-lived, so careful
planning for the future is essential. We are looking hard
at the way we do business, both to be even more efficient and
to reduce our dependence on state funds, he said.
University has already acted to reduce its operating costs by
$23.9 million this year, with specific reduction plans for all
schools and other units currently undergoing review and approval.
Additional savings for next year must be identified, Sandridge
said, because the state has already announced cuts totaling $51.6
million for the 2003-04 fiscal year.
of Visitors approved a tuition surcharge in concept last month,
with an accompanying requirement that any financial need it created
be met. Rector John P. Ackerly III and William H. Goodwin Jr.,
chair of the finance committee, approved the administrations
specific proposal after the state announced further budget cuts
an ad hoc assembly of professors and the Universitys student
newspaper had earlier endorsed increasing tuition as a necessary
step to preserve academic quality.