Presenting a proposed budget
On Monday, university administration presented a proposed budget to the Board of Visitors that allocates and reallocates our resources to taking care of our people and places as outlined in our strategic plan, Quest for Distinction. This responsible and strategic budget proposal puts the university’s academic mission first, including recruiting and retaining our internationally competitive faculty, increasing student financial assistance, investing in digital learning and core curriculum improvements, shoring up maintenance reserves to improve and modernize university facilities, and bringing in additional infrastructure to support academic success.
This proposed budget would include a constrained tuition increase of 3.5 percent. A new, $25-per-semester library fee would help improve services and fund the expansion of Cabell Library. The university fee would not be increased. Meal plans and parking would each increase by less than 3 percent, and rates for residence halls would now be scaled depending on amenities and style of room.
The budget is our statement of university priorities, which under Quest are student success and academic quality. We will have more detailed budget information for you in the weeks ahead.
The Board of Visitors will consider this budget for approval at its regular meeting on May 9.
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