by James A. Bacon
Members of the University of Virginia Board of Visitors expressed strong reservations about the tuition increases approved in December and asked for a special meeting with administrators to dig deeper into the university’s finances.
No formal action was taken, but Chief Operating Officer J.J. Davis told Bacon’s Rebellion during a break after the finance committee meeting, “That would be great.” She has held budgetary working sessions with board members in previous years, and she indicated that there would be no problem scheduling another such session in the April-May time frame.
During the finance committee meeting, Davis outlined what she saw as major uncertainties and challenges facing UVA’s administrators as they approached a June deadline for presenting a final budget to the board for approval. The Trump administration has already announced restrictions on university overhead allowed for research grants, potentially cutting research revenues by tens of millions of dollars. She also cited questions about other federal cost-cutting initiatives as well as the “broader economic environment.” Additionally, UVA has to pay a 3% pay raise for employees authorized by the General Assembly and resolve the question of how to handle another budget buster: NCAA directives regarding the compensation of student athletes. “There are more economic headwinds than tailwinds,” she said.
But board members weren’t particularly interested in hearing about outside forces impinging on UVA. Several expressed dissatisfaction with the high-altitude picture they’ve been getting about the University budget, and said they want a closer look at the numbers.
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