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Friday, June 11, 2021

Budget and Compact results for FY 2022

The Board of Regents is discussing the University’s proposed budget at this week’s meeting and will take final action at the end of June. For the college, part of this annual cycle is the conclusion of the Compact process. I’ve noted previously that this year the Compact process instructions required each college and administrative support unit to develop recurring reallocation options (i.e., spending reductions) of 3%, 6%, and 9% of what’s referred to as O&M (basically, tuition and state appropriations) to address the anticipated budget pressures for the upcoming biennium.