WVU to cut $45M in spending by 2020
MORGANTOWN, W.Va. — West Virginia University’s president said the school must reduce spending by $45 million by 2020.
E. Gordon Gee announced Monday during his State of the University address that cuts will be coming, the Charleston Gazette-Mail reported.
Gee declined to call the cuts a “problem,” saying they will allow the university a chance to better evaluate programs’ strengths and weaknesses. He says he wants to improve the state’s economy by finding new avenues for economic development.
The university has lost $30 million of its base budget in recent years, with only 14 percent of the budget coming from state funds now.
During his first WVU presidency, from 1981-85, Gee said the state funding for the university was between 60 and 70 percent.