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UPDATE to Campus Community: May 31, 2017

Dear Colleagues,

In my March 29 memo to campus, I outlined our approach to the reductions we must make in order to align our budget to our fiscal realities. You can learn more about these plans by reviewing the memo as well as a presentation that includes background about our campus operating budget.

Since then, the provost, vice chancellors and others have been working diligently to plan for a permanent reduction of $19 million in state budgets effective July 1. In addition, they are working to account for the first of 10 annual payments to reimburse funds spent this year that we did not receive due to the ongoing state budget impasse.

Most of their plans are in place, although some details are still being finalized.  I write to update you on our progress.

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UPDATE to Campus Community: March 29, 2017

Colleagues,

As noted in President Dunn’s message earlier today, we must take immediate and significant steps to reduce our state-supported budgets for the fiscal year that begins July 1. This will be difficult, given the more than $20 million in reductions already taken this year (see July 5 memo for background), but it will not prevent us from fulfilling our core educational mission.

We will approach the cut of $30 million, or 15.9 percent of our state budget, in two ways.

  • We will make $19 million in permanent cuts to state-funded accounts – those supported by state appropriations and tuition – to be implemented in the new fiscal year that begins July 1. This will amount to a 10 percent permanent reduction in state funding on top of the 10 percent already taken in the current fiscal year. This amount is based on the governor’s proposed budget for FY18 as well as conservative enrollment estimates.
  • We must implement a plan to pay back the unrestricted funds we have been using to operate during the state budget impasse. We will need to take an additional $8.3 million to $11 million in the first year of a 10-year repayment plan. The exact amount will depend, in part, on whether there is a stopgap budget before the end of the year. These numbers can also be reduced if we minimize all spending for the remainder of the fiscal year.

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