UMW preparing to make reductions - Lindley Estes THE FREE LANCE–STAR

The University of Mary Washington’s financial officers are preparing for cuts in the state-funded portion of the budget. The university’s board of visitors received a report on the school’s preliminary budget reduction plan at its meeting Friday. The plan provides for the worst-case scenario, which calls for 5 percent in savings during the current fiscal year and 7 percent next year. UMW’s $112 million university spending plan was approved in May when the board expected to receive more support from the state. State funding accounts for 22 percent of the budget. “We are planning for dire circumstances,” said UMW CFO Rick Pearce. Specific cutbacks are still in the works. http://news.fredericksburg.com/newsdesk/2014/09/19/umw-preparing-to-make-reductions/