VIRGINIA GOVERNOR PAUSES COLLEGE PROJECTS
Governor Glenn Youngkin paused over $600 million in funding for higher education projects.
The pause affects 10 renovation and expansion projects at Virginia colleges and universities.
The decision was made due to uncertainty about the country’s economic future.
Virginia retained $900.4 million from its budget, leaving a projected $3.2 billion surplus as a cushion.
The governor stated it would not be financially prudent to proceed with construction currently.
Affected institutions include VSU, VCU, William & Mary, UVA, Virginia Tech, and the VCCS.
Projects range from renovating old buildings to constructing new facilities and acquiring property.
The governor plans to reintroduce the projects in his December budget proposal if funds are available.
Some institutions are using other resources to continue planning despite the funding pause.
Source:
Renovation and Expansion Projects at 10 Virginia Colleges and Universities Put on Pause
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