Budget / Recalibration

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December 9, 2010

Budget Plan Remains on Track with State Changes

On Thursday, December 9, a budget update relating to FY2011 through FY2013 was shared with the campus community. The update estimated the impact on the University that may occur due to leadership changes within the governor's office and the state legislature following the November elections and as a result of the projected FY2012-FY2013 state deficit of $5.8 billion to $6.2 billion.  The state deficit projections were announced on December 2 when the November state economic forecast was released.

Overall, the University's FY2011 budget remains stable. In addition, the goal of adjusting our budget by $5 million for FY2012 and FY2013 has remained unchanged, and, in fact, has been solidified with the recent state economic information. As a result, the need for the University to maintain its current enrollment level remains critical as we address the future fiscal constraints.