Spectrum - Volume 17 Issue 16 January 19, 1995 - GENERAL FUND REDUCTIONS IN HIGHER EDUCATION

A non-profit publication of the Office of the University Relations of Virginia Tech,
including The Conductor , a special section of the Spectrum printed 4 times a year

GENERAL FUND REDUCTIONS IN HIGHER EDUCATION (OPERATING AND CAPITAL) 1995-96

Analysis of the governor's 1996 budget recommendations show total reductions of $58.6 million in General Fund support for higher education. These cuts are in addition to the $14.7 million in cuts for FY 1996 already in the biennial budget.

 

ACTIONS                                                        AMOUNT

                                                              ($ in    

                                                             millions)
Reductions in funding due to unapproved restructuring plans      $5.6

Unfunded faculty salary increases                                $5.9

Unfunded classified staff increases                              $3.0

Eliminate General Fund support for selected       

   research, public service, and Commonwealth Centers of Global  

   Studies at Radford, Norfolk campus of Tidewater Community     $2.8

   College, doctoral programs at Norfolk State, and aquaculture

   research at Virginia State                                    $4.4

Reduce maintenance reserve by 13 percent for each institution    $4.0

Reduction in funding for Eminent Scholars, Funds for Excellence, 

    Outstanding Faculty Recognition programs                     $2.6

Reduction in funding for Virginia Guaranteed Assistance Program  $1.3

Reduction in funding for agriculture in foresty research and 

   Cooperative Extension                                         $12.4

Reduction in funding for seafood research                        $0.15

Reduction in funding for CIT                                     $4.0

Reduction in operating budget at SCHEV                           $1.4

Reduction in support for Medical College of Hampton Roads        $0.7

Reduced funding for Office of Civil Rights programs              $0.1

Technical adjustments to institutions' budgets for changes in 

   fringe benefit rates, travel, and electricity rates           $10.3

                                                                 -----

TOTAL PROPOSED REDUCTIONS IN GOVERNOR'S INTRODUCED 

   BUDGET                                                        $58.6

 

REDUCTIONS ALREADY IN BUDGET                                     $14.7

 

POTENTIAL REDUCTIONS IN FUNDING FROM 1995 TO 1996 

   (SUM OF PROPOSED AND CURRENT REDUCTIONS)                      $73.3

Spectrum Volume 17 Issue 16 - January 19, 1995