Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, November 16, 1994 TAG: 9411170045
SECTION: VIRGINIA PAGE: C-4 EDITION: METRO
SOURCE: Associated Press
DATELINE: RICHMOND LENGTH: Short
``We're taking no source of money for granted in this budget,'' said Finance Secretary Paul Timmreck. ``We have some very challenging times ahead of us.''
The potential loss of $116 million isn't sitting well with dozens of agencies that expected to have the money returned several months ago.
``Since September, we've been inquiring, `What's the status?''' said Colette Capone, vice president of management and budget at the University of Virginia. The school is expecting $6.2 million.
``It doesn't take a rocket scientist to figure out that, with Governor Allen's initiatives on prisons and the costs of those initiatives, the money could be at risk,'' Capone said.
Gov. George Allen said Tuesday that funding higher education is a priority, but he would not promise that the money would be returned.
The carry-over fund provision was designed to replace the ``use it or lose it'' mentality in state government by encouraging frugality and rewarding sound management. To further those efforts, the General Assembly this year lifted limits on how much colleges could carry from one year's budget to the next.
by CNB