projo.com | Providence, R.I. | Local News -
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Published on: 9/24/2004
Last Visited: 9/24/2004
URI Budget Director Linda Barrett says, "It is not our first choice to [make up the revenue shortfall] on the backs of students."
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Barrett, the budget director, said the center's financial plan never set a schedule for how much of the cost should flow from student fees versus other sources.
"You assess the plan as you go along," Barrett said.
The revenue projection for this year was set at $2.9 million; it remains to be seen if the center will reach that goal.About $1.9 million will come from student fees.
Barrett said it makes sense for URI to boost fees significantly next year, given that the bond must also be paid down.But placing the burden of a shortfall on the students is a last resort, and she hopes the fee will go down in future years, she said.
"To be fiscally prudent at this time is to increase the other revenues -- the ticket sales -- but in the meantime we want to prepare a plan that is solvent," Barrett said.