more virginia university issues 12Jan2004 buridan No Comments Ê Virginia levied the fourth-largest cut in the nation of higher-education spending during the past two years, slashing college budgets by 17.8 percent. ÊÊÊ The annual funding shortfall for all public colleges, as calculated by state officials, has doubled since 2000 to roughly $400 million . ÊÊÊ Average faculty salaries at many schools are in the bottom third of their nationwide peers. General