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Fiscal Year 2009 Budget Recommendations

Fiscal Year 2009 Budget Recommendations. Presented to the Illinois Board of Higher Education February 5, 2008. FY09 Investment Budget. FY09 operations and grants budget recommendations consist of a set of five investment levels

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Fiscal Year 2009 Budget Recommendations

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  1. Fiscal Year 2009 Budget Recommendations Presented to the Illinois Board of Higher Education February 5, 2008

  2. FY09 Investment Budget • FY09 operations and grants budget recommendations consist of a set of five investment levels • Different investment levels demonstrate how the State can achieve its higher education goals at different levels of state funding • Investment budget recognizes revenue uncertainty and other State priorities

  3. FY09 Budget Priorities

  4. FY09 Operations & Grants

  5. FY09 Operations & Grants

  6. FY09 Operations & Grants

  7. FY09 Operations & Grants

  8. FY09 Step One • Funds higher education at the current base investment level of $2.19 billion • State is also contributing $618.3 million in FY08 for pensions and group insurance

  9. FY09 Step Two • 1.0 % increase -- $22.4 m • Faculty and Staff Salaries • Base Operating & Equalization • College and Career Readiness • Adult Ed • MAP • Nursing • CAS, Data

  10. FY09 Step Three • 2.7% Increase -- $59.7 m • Faculty and Staff Salaries • Base Operating & Equalization • College and Career Readiness • Adult Ed • MAP • Nursing • Matching Grants • CAS, Data

  11. FY09 Step Four • 6.4% Increase -- $139.3 m • Faculty and Staff Salaries • Utility Costs • Nursing Programs • Base Operating & Equalization • Student Success Grants • College and Career Readiness • Adult Ed • MAP • Veteran Grants, ING Grants • Nursing • Matching Grants • DFI • CAS, Data, P-20 Council • Baccalaureate Completion Grants • Campus Security Initiatives • IMSA Deferred Maintenance

  12. FY09 Step Five • 9.2% Increase -- $201. m • Faculty and Staff Salaries • Utility Costs • Nursing Programs • Base Operating & Equalization • Student Success Grants • College and Career Readiness • Adult Ed • MAP • Veteran Grants, ING Grants • Nursing • Matching Grants • DFI • CAS, Data, P-20 Council • Baccalaureate Completion Grants • Campus Security Initiatives • IMSA Deferred Maintenance

  13. FY09 Capital Improvements Overview • $805.8 Million Recommended • Requests Total $2.0 billion • Capital Renewal: $60.0 million • Highest priority • Regular Capital: $523.0 million • 33 projects; 30 have appeared in previous IBHE recommendations • $222.9 million Opportunity Returns projects • 6 projects with some funding already released • Continued Support for CC Enhanced Construction

  14. FY09 Recommendations Summary • Focus on the highest priorities articulated by the Board and higher education community • Investment levels • Sensitive to uncertain state fiscal environment

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