ROCK HILL, S.C. - Winthrop University trustees opted Friday to delegate approval of a final budget for the university to its executive committee, which will have the remainder of the month to act.
President Anthony DiGiorgio recommended the deferral, noting an upcoming General Assembly veto session still leave some elements of the budget picture in flux, even as the July 1 start to a new fiscal year approaches. Governor Mark Sanford has issued 107 vetoes of various items in the state spending plan, and legislators will vote whether to sustain or override each item in a two-day session beginning June 15.
University officials said they will continue to update Winthrop students and parents about budget and tuition matters through both e-mails and Web postings until such time as official tuition notices are mailed out, likely the first week of July.
The pending state budget makes permanent all reductions to state support made since Fall 2008 as well as a $3.4 million additional reduction. On-going university spending reductions and remaining federal stimulus funds, combined with the prospective tuition increase, will be used to backfill the latest reduction for the next 12 months, but that still means Winthrop must prepare for a state appropriation of $12.8 million in 2011. By comparison, in the early part of the decade, Winthrop received more than $25 million in annual funding from state appropriations.
Overall, the pending state budget totals just over $5 billion, which is a $2 billion reduction in spending since 2008.
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