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Radford Board reviews budget scenarios, approves temporary Norfolk Southern easement
Summary
At a board workshop, Radford University leaders reviewed FY25/FY26 budget scenarios, tuition options and auxiliary rate possibilities; the board approved a 12‑month, no‑cost temporary easement for Norfolk Southern and asked staff to return with detailed tuition, enrollment and banded‑tuition analyses in March.
Radford University’s Board of Visitors received a detailed briefing on university finances and scenario modeling, then approved a temporary construction easement requested by Norfolk Southern.
Vice President Rob Hoover told trustees the university’s operating budget is driven primarily by general fund appropriations and tuition and fees (roughly 60/40). He reviewed the originally approved FY25 figures — total revenue of $279,000,000 and total expenses of $281,900,000 — and outlined midyear adjustments, including a $6,700,000 carryforward for student financial assistance and a $2,200,000 auxiliary adjustment tied to improvements at the Dedmon facility. Hoover said the university’s year‑end forecast reflects $288,000,000 in revenue against $279,000,000 of expenses after those adjustments.
Hoover walked the board through multiple FY26 scenarios. He said a…
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