Dear Colleagues,
While we do not have the details of UMD's budget
for fiscal year 2017-2018, I want to provide a quick update of what we
know at this time. As you may be aware, the allocation from the state
legislature was only a fraction of the University of Minnesota's
request.
View the final outcome of the higher education bill.
Out of the $147 million request, the U of M System received $54.6
million in new state funding. In addition, only $28 million of the $54.6
million state allocation is for core mission funding that pays for
things like operating costs and compensation.
The University of Minnesota System is in the process of approving a
budget for the 2017-2018 fiscal year and allocating funding to UMD and
the other four campuses. At this morning's Board of Regents meeting,
President Kaler's recommended FY 2018 operating budget was presented.
The Regents will take action on this recommended budget on June 20th,
and we should receive UMD's budget allocation letter in July. We will
communicate the details of that letter to the campus soon after we
receive it.
The Board of Regents are seeking input and feedback
on President Kaler's proposed budget plan. Please visit the Board of
Regents website to submit feedback
and review the budget proposal. The feedback period is open until Tuesday, June 13.
Sincerely,
Chancellor Black
Executive Vice Chancellor Delgado
Vice Chancellor Erwin
Vice Chancellor Keto
