At the February Board of Regents meeting, the three state university presidents made presentations about how their respective institutions are responding to the mid-fiscal-year budget cuts that were announced in October 2003. Some local media reported this discussion as the announcement of another round of budget cuts - that was incorrect. There is no new information about the budget situation, and no further action has been taken. (See the Feb. 5 Proposed Fiscal Year 2005 Budget update below).
Budget Entries from FY 2003
The Governor’s budget proposal for FY 2004 includes full funding of salaries, no increase in appropriations for UNI’s general university operations, and no new funding for future capital projects. However, this proposal is contingent upon confirmation by the legislature of the source of funds used to make these commitments. If these three budget proposals hold true, then we can allocate new tuition dollars to maintain university excellence. Uncertain at this time, is legislative funding needed to support the Governor’s budget recommendations.