Virginia's finance secretary outlined bone-deep cuts to the state's higher-education budget. Details outlining the proposed funding cuts to public colleges and universities paint a grim picture as the state's higher-education agency grapples with what to request in the upcoming two-year budget.
Governor Timothy Kaine proposes slashing nearly $197 million from general fund appropriations for public colleges and universities. Factor in an infusion of $91 million in federal stimulus funds and that brings the net funding cuts to $105 million. That translates to an 8 percent budget reduction for four-year schools and nearly 7 percent for two-year schools.
The council plans to come up with its budget recommendations next month.
Meymo Lyons reports...