University of Virginia Library

Shannon Asks $67 Million
From State Next Biennium

Edgar F. Shannon Tuesday morning
told Governor Mills E. Godwin and his
budget advisors that the University needs
total appropriations of $67.7 million to
get through the 1970-72 biennium at a
meeting in Richmond. Of that request,
$49.7 million must come from taxes, it
was reported by the Associated Press.

The remaining money, nearly $18
million, will come from anticipated
revenue from special receipts such as tuition
and board charges.

The $49.7 million general fund request, the
part that must be financed through taxes,
amounts to a $23 million increase, or a nearly
86 per cent increase over the $26.7 million in
the budget during the current biennium.

The overall operating budget request is
nearly 65 per cent above the current budget
figure.

Under capital outlay expenses, President
Shannon listed building projects of nearly $22
million for the 1970-72 biennium - of which
nearly $19 million would be financed by taxes.

President Shannon presented capital outlay
requests of $22 million, including $4.5 million
for a new physics building. $2.3 million for the
first phase of a new law school, and $2.8
million for a regional scientific computer
system.

Last April, Governor Godwin, on his budget
tour of state institutions, was presented with
basically the same requests for state funds when
he visited the University.

One reason for the large amount of funds
requested for capital outlays is that funds for
the two top priority projects in the budget
request, the new School of Law and the new
Graduate School of Business Administration,
were curtailed by budget cuts in the Department
of Health, Education, and Welfare.

Approximately half of the monies that were
to be used in the construction of these projects
were curtailed by the Federal government.

Governor Godwin, after last year's budget
requests indicated that chances for approval of
such a large budget were not very large.