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Reply to "I want transparency and accountability from UVA"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There is no way the Commonwealth would let these schools go private, nothing to gain. I am surprised at the 6% funding number. I would have guessed it was in the 20% range.[/quote] It's now less than 6% from the Commonwealth. From wiki "As of 2013, UVA's $1.4 billion academic budget is paid for primarily by tuition and fees (32%), research grants (23%), endowment and gifts (19%), and sales and services (12%).[100] The university receives 10% of its academic funds through state appropriation from the Commonwealth of Virginia.[100] For the overall (including non-academic) university budget of $2.6 billion, 45% comes from medical patient revenue.[100] The Commonwealth contributes less than 6%.[100] Although UVA is the flagship university of Virginia, state funding has decreased for several consecutive decades.[51] Financial support from the state dropped by half from 12 percent of total revenue in 2001–02 to six percent in 2013–14.[51] The portion of academic revenue coming from the state fell by even more in the same period, from 22 percent to just nine percent.[51] This nominal support from the state, contributing just $154 million of UVA's $2.6 billion budget in 2012–13, has led President Sullivan and others to contemplate the partial privatization of the University of Virginia.[101] UVA's Darden School and Law School are already self-sufficient."[/quote] Hospital system operations have never been funded by state general fund appropriations. It is funded predominantly by patient fees - insurance, Medicare, Medicaid, out of pocket. So of course it is going to pull down the overall percentage. Auxiliary operations (room and board) are also not funded by state appropriations anywhere in Virginia public schools, and they are a significant percentage of the overall academic budget. If UVA did not get a state appropriation it would have to make that funding up through tuition and fees, which would have to be about 35% higher overall, but the biggest part of that would fall on in-state because OOS tuition is already set at near private school levels. So to say state funding is insignificant is misleading.[/quote]
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