News
By Josh Goodman
|
February 19, 2003
As the University plans a new capital campaign, public universities all over the country are seeking greater private funding as a result of state budget problems.
States around the country are having trouble balancing their budgets, leading to cuts in higher education funding like those experienced by the University.
The University of Michigan, one of the U.Va.'s peer institutions, is an example of a school facing similar challenges.
The University's share of funds that comes from the state has dropped drastically since 1990, and Joel Seguine, a spokesperson for the University of Michigan, said in recent years Michigan has experienced a similar trend.
State funding accounted for 19 percent of Michigan's budget in fiscal year 2001 and that figure had dropped to 17.6 percent in 2003, Sequine said.
The state government further cut the appropriations to Michigan for 2003 in the middle of the year, he said.
Sequine added that the state's budget problems have worsened for 2004.
"It's going to mean an even greater cut," he said.