Mason Directed to Cut $9.8 Million from Its Current Budget
Posted: October 10, 2008 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am
Mason and other state agencies throughout Virginia received the anticipated word yesterday on how much revenue will be cut from their budgets for the current fiscal year. In response to the announcement, Senior Vice President Morrie Scherrens and Provost Peter Stearns issued the following statement:
“Mason will experience a 7 percent budget reduction, or $9.8 million. Units have submitted budget reduction plans and will be notified by the end of next week regarding the specific amount of their unit cuts.
“The governor also announced a delay of the previously planned 2 percent salary increase for state employees until July 1, 2009.
“The current budget reduction cannot be addressed through an additional tuition increase this year or through any reductions in financial aid. At this level of budget reduction, Mason was not considering either action.”
The budget reduction being imposed upon Mason and other state agencies is the result of a $2.5 billion revenue shortfall experienced by the state.
No information has been released for the 2010 fiscal year except that a larger overall savings will be sought.
This is the sixth major budget cut Mason has experienced since 1984.
“As we address these cuts, it is important for everyone to remember that we have faced and successfully dealt with these kinds of challenges in the past,” said President Alan Merten. “We will weather this storm as well, just as we have in the past: by working together and doing all we can to protect the integrity of our education mission.”
An open forum on the budget situation and the university’s response will be held on Tuesday, Oct. 14, at 11 a.m. in the Johnson Center Cinema. Both Scherrens and Stearns will preside.