Document Type

Other

Department/Program

Economics

Department

Public Policy

Pub Date

10-22-2003

Journal Article URL

https://www.dhfeld.people.wm.edu/NewCompact.pdf

Abstract

This brief paper describes a plan to restructure the relationship between state-supported colleges and universities and the Commonwealth of Virginia. Since 2001, state-supported colleges and universities have had to absorb significant budget cuts as the state brought its expenditures in line with its revenues. The institutions have been allowed to raise tuition to soften the effect of these budget cuts. As a result, the percentage of each institution’s budget supported by state general fund appropriations has declined. We have been here before.

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