Governor Calls for Additional Budget Cuts
Posted: August 20, 2002 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am
In an address yesterday before the House Appropriations, House Finance, and Senate Finance committees, Gov. Mark Warner announced that the state faces a $1.5 billion budget shortfall for the biennium and, as a result, will be looking to make significant budget cuts from each state agency.
Warner is asking each agency to provide plans for budget reductions of 7 percent, 11 percent, and 15 percent for the biennium (FY03 and FY04) by Sept. 20. For George Mason, this equates to possible cuts of $7 million, $11 million, or $15 million.
In response to the governor’s directive, Senior Vice President Maurice Scherrens says each unit at the university will be asked to produce budget reduction plans for all three scenarios “within the next two weeks.” Additionally, members of the President’s Council will be reviewing the university’s overall structure, pricing practices, and revenue spending to identify areas where money can be saved and further revenue generated. This will be discussed with the Board of Visitors at its annual summer retreat later this week.
“At this point, it is too early to rule out any options on how we propose to deal with this directive from the governor,” says Scherrens. “We will be working closely with each academic and administrative unit to come up with scenarios that protect the overall integrity of the university.”