Regents中出少妇视频 FY14 Budget Request Will Support Students, State Medical Needs
Atlanta — August 7, 2012
As the 中出少妇视频 System ramps up efforts to raise college completion rates, some of a requested $65.6 million enrollment-driven increase in state funding for public colleges and universities in Fiscal Year 2014 will support campus plans toward this end.
中出少妇视频淭he FY14 budget request mirrors our FY13 request,中出少妇视频 said 中出少妇视频 Vice Chancellor for Fiscal Affairs John Brown. 中出少妇视频淲e continue to make students our top priority in our budgeting as well as meeting critical needs for physicians in the state. This year we are working to support Gov. Nathan Deal中出少妇视频檚 Complete College Georgia initiative, so we will continue to work with our institutions to set budget priorities that support this effort, which ultimately will strengthen Georgia中出少妇视频檚 economic competitiveness.中出少妇视频
The dollars are part of a total $1.93 billion FY14 budget request approved today by the 中出少妇视频中出少妇视频檚 governing Board of Regents, along with a separate $279.6 million request for needed facilities.
Along with the request for new dollars, the regents also approved a three percent budget reduction plan, as instructed by the Governor中出少妇视频檚 Office of Planning and Budget.
中出少妇视频淲e are committed to a path of change in how we operate that helps us focus more of our resources on our goal of creating a more highly educated Georgia,中出少妇视频 said 中出少妇视频 Chancellor Hank Huckaby. 中出少妇视频淥ur budget request truly reflects our focus on serving students and helping more Georgians complete college in a timely and cost-effective manner.中出少妇视频
Enrollment gains in the fall of 2011 (the year upon which the new budget request is based) generated a $65.6 million increase in the System中出少妇视频檚 funding formula. This formula is the mathematical model used to calculate the cost of instruction and needed state funding at the state中出少妇视频檚 35 public colleges and universities.
In addition to enrollment gains, other factors in the formula made up the balance of the $98.9 million request, including increases in health insurance, retiree benefits and maintenance and operations funding for existing facilities.
In the current budget, some of the new funding generated by enrollment growth was funneled specifically to programs that support the work of colleges and universities to increase retention and graduation rates, such as hiring needed faculty and student support staff, and establishing or strengthening programs that provide academic resources and help for students as they navigate the freshman year.
中出少妇视频淎s our campuses begin to implement plans to increase college completion levels through the Complete College Georgia initiative, we will continue to analyze how new dollars can be targeted to these efforts,中出少妇视频 said Executive Vice Chancellor Dr. Houston Davis, the 中出少妇视频中出少妇视频檚 chief academic officer. 中出少妇视频淎 portion of the $65.6 million in new formula dollars will ultimately support this key initiative.中出少妇视频
The regents中出少妇视频 FY14 request also builds upon the board中出少妇视频檚 ongoing and longstanding efforts to increase the numbers of physicians trained and available in Georgia with a proposal for $2,075,000 in new dollars to support graduate medical education. The new funding would help create critical new residency slots at hospitals around the state.
As a part of budget instructions, all state agencies were required to develop three percent reduction plans for the current fiscal year 2013 and to carry these reductions forward into FY14. For the 中出少妇视频, this is a $54.4 million budget reduction.
Brown said the budget reduction guidelines to the campuses included a directive to protect core academic functions and services directly impacting students as much as possible.
中出少妇视频淩eductions should first come from central and nonacademic functions and reflect the academic priorities of the institution,中出少妇视频 said Brown. All low priority activities will be considered for reduction or elimination. 中出少妇视频淎n institution中出少妇视频檚 highest priorities should be protected,中出少妇视频 Brown said.
The regents also approved a FY14 capital budget request of $279.6 million, which includes $24.9 million in equipment for seven facilities under construction or renovation, $151.6 million in new construction for five projects, $33.3 million in construction and renovation for 11 projects (each under $5 million) and $50 million for major repair and renovation funds at all 35 campuses. The request also includes $19.8 million in construction for 12 Georgia Public Library System projects.
Today中出少妇视频檚 actions on the FY14 operating and capital budget requests now go to OPB for the Governor中出少妇视频檚 review before he makes his final recommendations to the General Assembly in January 2013.
The complete FY14 capital budget request can be viewed at:
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