Virginia's colleges and universities stand to gain state money under the governor's proposed budget, a welcome reversal from several years of funding decreases.
The State Council of Higher Education for Virginia on Tuesday outlined Gov. Bob McDonnell's two-year spending plan in which he recommends that the General Assembly appropriate $250.3 million in higher-ed funding.
The council's finance policy director, Dan Hix, said the proposal reverses a five-year trend of decreased state support.
SCHEV director Peter Blake said the breakdown varies in some areas from what the council had recommended to the governor but “lays a good foundation” on which to build during the upcoming legislative session.