Further backstory: the expenditures of the academic division at UVA have increased about 80% since 2001. Enrollment has only increased 9%. In-state tuition has increased about 275%.
I'm not a UVA alum, but I grew up in Virginia, so I care about what happens at UVA. UVA's faculty can wax philosophical all they want about academic freedom and the like, but at the end of the day the explosion in university expenses cannot be ignored. Expenditures on faculty salaries have risen 4-5% per year over the last decade even though enrollment has only grown 0.7% per year and salaries in other sectors have been stagnant.
It's insane that there are 3,300 faculty for a school that has only 21,000 FTE students. I'm a strong supporter of public education and public research, but facilitating this faculty growth at the expense of students is absolutely ridiculous and it's high-time the Board made some cuts.