How much of UVM’s budget problem is due to internal versus external factors?
A For many years UVM, along with many other institutions, was funding ongoing budget commitments with one-time funds. We were able to cover these ongoing commitments – the great majority of which support people and programs in academic areas – when financial markets were at their height, producing robust earnings on short-term cash, and when a period of unprecedented enrollment growth regularly produced tuition income beyond what we had built into the budget. That is no longer the case. We now have to ensure that all ongoing expenditures are aligned with actual revenues. Out of the $28 million gap, $12.8 million is due to this practice. The rest is due to other factors beyond our control. Q Why can’t you fix the entire budget problem by eliminating senior administrative positions? A Our senior leadership team has produced great results at UVM. I believe it would be neither wise nor strategic to contemplate such a move. Some senior administrative positions will be eliminated, but even e
