The Governor鈥檚 budget office released the first supplemental budget proposal today, further reducing state expenditures for the 2011-13 biennium by $1.7 billion. All told, higher education institutions would absorb about nine percent of the total cut.
Under the Governor鈥檚 proposal, each of the state’s six聽baccalaureate institutions聽 would receive 16-17 percent cuts in state funding for Fiscal Year 2013 (FY13), while community and technical colleges would receive a 13 percent cut.
Funding cuts are once again disproportionately concentrated at four-year institutions even though the Governor discussed making equal across-the-board cuts as recently as October, because, as noted by budget staff, four-year institutions have a greater ability to聽聽 generate tuition revenue than community colleges.
Note that the Governor’s budget eliminates funding for the state’s Work Study program next academic year but importantly, preserves funding for the State Need Grant program.
For more information about budget increases for the College of Engineering, aerospace innovation funding, and financial aid impacts, please review our .