ERIC Number: ED481707
Record Type: Non-Journal
Publication Date: 2003-Sep
Reference Count: N/A
Highlights, FY 2003-05 Biennial Operating Budget for Higher Education.
Connecticut State Board of Governors for Higher Education, Hartford.
This report explains that the General Fund budget: provides $1,232.6 million for the FY 2003-05 biennium; slashes student financial aid funding by 8.6 percent; includes a reduction of 3 percent for Early Retirement Incentive Plan salary savings; represents a budget that is 16.5 percent below requested current services funding, $15.8 million below the Governor's recommendation for FY 2004 and $20.3 million below the Appropriations Committee's recommendation; and reverses the Governor's proposed transfer of the Connecticut State University (CSU) and Community-Technical College System (CTC) central offices into the Department of Higher Education (DHE) to form a Board of Regents but maintains the requirement for most of the estimated consolidation savings of $2.8 million in FY 2004 and $5.8 million in FY 2005. The final budget for the DHE reverses the transfer of one-half of the CSU and CTC central office positions along with the additional savings of 25 percent in FY 2004 and 50 percent in FY 2005. Funding for the University of Connecticut and UConn Health Center is slightly lower than previous legislation recommendations, while funding for the CTC is slightly higher than previously proposed. The budget for Charter Oak State College eliminated the restoration of the collective bargaining funding with the settlement of the contract and the $200,000 of growth funding for the Connecticut Distance Learning Consortium. (SM)
Descriptors: Budgets, Educational Finance, Financial Support, Higher Education, Operating Expenses, State Aid, State Government, Student Financial Aid
Board of Governors for Higher Education, Department of Higher Education, State of Connecticut, 61 Woodland Street, Hartford, CT 06105-2326. Tel: 860-947-1848; Web site: http://www.ctdhe.org. For full text: http://www.ctdhe.org/info/pdfs/HighlightsFinalBudget03.pdf.
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Authoring Institution: Connecticut State Board of Governors for Higher Education, Hartford.
Identifiers - Location: Connecticut