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VMI board adopts $126M FY27 operating budget and approves 3% tuition increase
Summary
The Virginia Military Institute Board of Visitors approved a $126 million FY27 operating budget that includes a 3% tuition and mandatory-fee increase for in‑state and out‑of‑state cadets amid warnings about a shrinking fund balance and rising insurance costs.
The Virginia Military Institute Board of Visitors voted to approve the institute’s FY27 operating budget, endorsing a proposed 3% tuition increase for both Virginia and non‑Virginia cadets as part of a $126 million operating plan. Finance committee members told the board the plan closes a projected $4.4 million gap while addressing rising costs and the institute’s lower auxiliary fund balance.
Terry, who presented the finance committee report, said the proposed…
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