I found this posted at the Virginia Tech web site. Now I know why.
They were a big winner. The commonwealth of Virginia had 1$ billon bucks left over because of "additional revenues beyond projections, cost savings, and unspent funds". Since there are about 7.5 million people in the commonwealth, they government could have refunded each of us about $135.....but noooooo.
Instead, half goes to transportation, higher education for things like "operating support and capital projects", "new capital projects, equipment, cost overruns", "operating programs, including base budget adequacy, financial aid, operations and maintenance of new facilities, a three percent faculty". Base budget adequacy? What the heck is that?
And VPI&SU got money for base operating support and need-based financial aid.
Lastly, Tech got bucks for
$3 million in equipment for the Institute for Critical Technology and Applied Science facility, and cost overrun funding for the Institute for Critical Technology and Applied Science, the Building and Construction Lab, and Cowgill Hall renovations.What is this ICTAS? Well its is suppose to:
create a seamless path from fundamental research…through applied research and development…to technology transferWhy is there an ICTAS?
Based on detailed analyses of factors that contribute to national rankings and on benchmarking at top-line universities, the paradigm of ICTAS has emerged as a vital vehicle to move the university in its research rankings.All because
In April 2000, the newly inaugurated president of Virginia Tech, Charles Steger, stated the goal of raising the university into the ranks of the nation's foremost universities by 2010.Why not give our money back? Politician are very generous with someone else's money.
Give me back my money!