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FY16 university budget cuts

FY16 university budget cuts. $ 99 million. IN HARD CUTS. +$ 2.5 million. BOND REFI SAVINGS. =$ 101.5 million. Of hard cuts in the state budget, the universities’ share is:. 63 %. University regulatory reform. 0 %.

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FY16 university budget cuts

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  1. FY16 university budget cuts $99 million IN HARD CUTS +$2.5 million BOND REFI SAVINGS =$101.5 million

  2. Of hard cuts in the state budget, the universities’ share is: 63%

  3. University regulatory reform 0%

  4. The pain doesn’t stop there. Arizona Health Insurance Trust Fund adjustment: $148 million HITF TRANSFER TO GENERAL FUND IN FY16-17 $45 million ESTIMATED UNIVERSITY SHARE

  5. State cuts and obligations since ’08: $1.5 BILLION $ 505 million STATE GENERAL FUND REDUCTIONS $ 200 million OWED IN ROLLOVERS $ 728 million BUILDING RENEWAL SHORTAGES $ 103 million HITF SHARE

  6. State disinvestment in higher education: university spending as percentage of general fund

  7. Student impact

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