George Mason Initiates Budget Reduction Plan
Posted: October 9, 2002 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am
Over the past month, the university’s Budget and Planning Group (UBPG) has reviewed the budget reduction plans submitted by all academic and administrative units and developed an institutional plan that has been approved by President Alan Merten. This budget reduction plan has been communicated to all academic and administrative units. Although the plan may need to be revised, all units have been advised to initiate whatever actions are necessary to achieve their preliminary budget reduction targets.
The university expects to receive its official budget reduction on Oct.15 when Gov. Mark Warner will announce the budget reductions for all state agencies. Reductions could be as high as 15 percent. If George Mason receives a budget reduction more severe than currently planned, additional departmental budget reductions may be required and further consideration may be given to a tuition surcharge for the spring 2003 semester.
If faculty or staff members have questions concerning the tentative budget reduction plans, they should contact the management within their unit. Since the university will receive the official budget reduction next Tuesday, unit management personnel are encouraged to share their plans with their staff after this official announcement and the university’s confirmation of their final budget reduction amount.
George Mason administrators will be discussing budget reduction strategies as well as the final budget reduction plan with the Board of Visitors (BOV) later this month, with BOV approval scheduled at its November meeting.