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Publication: The Collegian, , University of Richmond , Richmond, VA
University of Richmond President Ronald Crutcher, Executive Vice President and Chief Operating Officer David Hale and Executive Vice President and Provost Jeffrey Legro will take a 10% salary reduction for the 2021 fiscal year, according to an April 9 email Hale and Legro sent to faculty and staff that was obtained by The Collegian.
Hale and Legro wrote they were expecting a shortfall in the range of $10 million to $12 million in UR's 2021 fiscal year budget. This shortfall will come from the unpredictable impact of COVID-19 on enrollment, a decrease in expected spending from the endowment and an anticipated increase in financial aid for UR students, they wrote.
Additionally, all vice presidents and academic deans agreed to take a 5% salary reduction, Hale and Legro wrote. UR leadership wanted to personally contribute to the expenditure reduction UR needs for the 2021 fiscal year, which runs July 1, 2020, to June 30, 2021, Hale said.
Patrice Rankine, dean of the School of Arts and Sciences, wrote in an email to The Collegian that faculty and staff members who took salary reductions understood that UR was not immune to the impact of the downturn in the economy resulting from COVID-19.
"The decision to take a...