Georgia public colleges could take $350 million hit from virus

The University System of Georgia faces revenue losses of $340 million to $350 million through this summer because of coronavirus impacts, according to University System Chancellor Steve Wrigley.

The system’s per-student funding from the state is already down 35 percent over the past 20 years, he reminded members of the state Board of Regents in a telephonic meeting Tuesday.

Revenue losses through spring semester already add up to around $200 million, Wrigley said.

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The university system includes the University of Georgia and 25 other public colleges and universities.

Neither UGA nor the university system has released a breakdown of expected revenue losses by school. But if UGA’s losses correspond to its share of federal relief set to come to UGA — $23.7 million out of Wrigley’s systemwide estimate of $125 million — UGA’s hit would be around $65 million.

Statewide, public and private colleges could get about $378 million, according to Jennifer Lee of the Georgia Budget and Policy Institute, a nonpartisan think tank.

Read more at Online Athens here

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