Board Approves Updated UVA Budget, Reflecting COVID Impacts

The coronavirus pandemic has disrupted nearly every facet of higher education during the past six months, and the University of Virginia has been no exception. On Friday, the Board of Visitors heard details about the pandemic’s impact and UVA’s ongoing response, and also revised the University’s current operating budget downward by nearly $90 million compared to the budget originally adopted last spring. The budget for the fiscal year that began July 1 now totals $3.76 billion, revised down by 2.3% versus the blueprint approved in June. The budget includes the combined operating budgets of the Academic Division, UVA Medical Center and UVA Wise. Read more.