Budget Reduction Strategies - Rick Pearce, University of Mary Washington

To the campus community: The development of a comprehensive set of strategies to address the university’s budget shortfall is nearing completion. In general, the approach includes the identification of university-wide savings that can be taken right off the top and then allocating the balance of the reduction requirement across the various divisions with the aim of protecting academic and student service programs. In terms of university-wide actions, two strategies have been approved for implementation. First, we are instituting a temporary suspension of in-band salary adjustments, as well as bonuses for attaining certificates, licenses, and degrees. Second, we are suspending the tuition assistance program beginning with the spring 2015 semester. Any tuition assistance previously approved for the fall 2014 semester remains in place. http://eagleeye.umw.edu/2014/10/02/budget-reduction-strategies/