Governor cuts funding to College by 15 percent
September 8, 2009
Governor Tim Kaine’s plan to deal with Virginia’s budget shortfall will cut state funding to the College of William and Mary by 15 percent.
According to an e-mail sent by College President Taylor Reveley earlier today, state support for the College has fallen by 32 percent, or $16.6 million, since 2008.
“This is not good news,” Reveley said in the e-mail. “While it appears that some $2.7 million in stimulus funds can be shifted from FY 2011 to the current year to help offset this new reduction, these funds, like those received before, help only one time. They are not part of a long-term solution.”
State funds are now expected to make up less than 15 percent of the College’s current operating budget. It appears that state employees will be required to take a one-day furlough to accommodate the cuts.
Reveley will be meeting with students tomorrow afternoon at 4:30 p.m. in Chesepeake C of the Sadler Center. The forum is open to all students.
_Check back with flathatnews.com for more updates and analysis on this developing story._