Update on the governor’s budget for 2016-17
The 2016 Session of the General Assembly concluded this past Friday, one day earlier than expected. Although the legislators will return on April 20 to consider any actions on the budget or other legislation taken by the governor, I write to share with you the items that are of most consequence to VCU and VCU […]
2015-16 budget approved, tuition set
The VCU Board of Visitors approved a budget plan on May 8, for the upcoming 2015-16 academic year that reflects our Quest for Distinction strategic plan priorities of retaining and attracting talented and diverse students, faculty and staff. The new budget plan addresses the need to improve compensation so that VCU is more competitive among […]
VCU leadership presents budget recommendations to BOV
University senior leadership today presented budget recommendations for the coming fiscal year to the VCU Board of Visitors at its annual budget workshop. Final decisions on the budget, tuition and fees will be made at the board’s May 8 meeting. Presented here is a summary of the recommendations. The proposed 2015-16 budget reflects our highest […]
Refocusing our resources to advance Quest
The General Assembly recently passed an amended budget bill for the commonwealth with differentiated reductions for higher education. That means that while VCU’s state appropriation will still be less than last year, the reduction will be smaller than we anticipated. Gov. Terry McAuliffe and the General Assembly approved the budget bill as amended relative to […]
A focus on student debt
Across the nation, public universities such as VCU face more competition for fewer resources. Though The Great Recession has officially ended, 48 states are still spending less per student on public higher education than they did before the recession began in 2008. Only 10 states increased funding for higher education last year compared to 2012, […]
Board of Visitors approves 2014-15 budget
The Virginia Commonwealth University Board of Visitors has approved a budget for 2014-15 that includes a modest 3.5 percent tuition increase, a new $25-per-semester library fee and no increase in the mandatory university fees. The budget will allocate our resources to align with the university’s strategic plan, Quest for Distinction, which emphasizes academic quality and […]
