The Board of Regents has requested a $40 million base increase to be allocated to the three Regents universities. The Regents request is posited on a commitment for by the universities to internally reallocate a total of $20 million and hold tuition and fee increases to 4%. The Board of Regents also has requested a $15 million one-time appropriation for deferred maintenance, to be allocated among the institutions with a match requirement.
Budget Entries from FY 2004
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).