As we work together to address an array of issues associated with COVID-19, one important aspect is the University’s finances. Just as the state of Vermont is up against significant financial uncertainties in the face of the unprecedented challenges posed by the coronavirus, the University of Vermont, and indeed all of higher education, also is confronted by many unknowns in planning for the coming months. The state of the University is sound, but we have to implement a number of strategies to ensure that this continues to be the case. Towards that end, as outlined in the recent press release, the Board of Trustees has approved an interim budget for the first three months of the coming fiscal year. When our revenue forecast is more certain in September, the Board will adopt a final budget for the entire fiscal year. We will continue to keep you updated on our work to ensure that the University thrives and continues to provide an outstanding educational experience for all our students long into the future.

PUBLISHED

04-09-2020