Budget adjustments ahead for W&M in light of state financial picture - Christine Sampson, Virginia Gazette

A statewide revenue shortfall of around $2.4 billion in fiscal year 2015 has administrators at the College of William and Mary looking at ways to trim about $3 million from the university's budget – looking everywhere for those cuts except the places that would affect students' education. Sam Jones, William and Mary's vice president for finance, gave an update to the Board of Visitors on Friday in which he said the college won't increase tuition for students because of the "William and Mary Promise," a system that guarantees set tuition costs for incoming students. The college also will not cut teaching positions. Instead, Jones said, it will delay filling some administrative positions. New equipment purchases may be delayed as well. "When we put money into the budget, it's to make the student experience better. When we take money out of the budget, we still want to maintain the students' experience," he said in an interview Tuesday. "Cuts are inconvenient, but we're not going to let it distort what we're trying to do academically." http://www.vagazette.com/news/va-vg-edu-wm-finance-update-1001-20140930,0,4242419.story