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Board approves 2.9% undergraduate tuition increase and FY27 operating budgets
Summary
The William & Mary Board of Visitors approved Resolution 11-R implementing a 2.9% undergraduate tuition and mandatory-fees increase and adopted the FY27 university and Batten School/VIMS operating budgets at the April 24 full-Board meeting.
At the full Board meeting on April 24, the Committee on Financial Affairs presented three budget-related resolutions: Resolution 11-R (2026–28 Undergraduate Tuition and Fees), Resolution 12 (W&M FY27 Operating Budget), and Resolution 13 (Batten School/VIMS FY27 Operating Budget).
C. Michael Petters, chair of the Committee on Financial Affairs, said the committee had engaged in detailed briefings with the CFO and EVP/COO and reviewed the tuition pricing strategy that informed the proposals. The Board approved Resolution 11-R by voice vote; the minutes note Ms. Laura Keehner Rigas recorded her vote as ``present.'' Resolutions 12 and 13 were then taken up and approved unanimously by voice vote.
The Board's approvals set financial direction for the upcoming fiscal year. The minutes record that a technical revision to Resolution 11 (now 11-R) added a Reves Center fee that had been omitted from the introduced resolution. Board members asked questions during committee review, and the approvals followed committee deliberations.
Implementation steps were assigned to the administration for budget execution and communications to students and families ahead of the new academic year.
