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Higher‑education increase reduced; institutions told to expect smaller share of previously planned boost
Summary
State budget officials told the Joint Budget Committee on Aug. 28 that higher education will face a $12.7 million reduction from a planned increase but will still receive a net increase of about $22.1 million compared with the prior year.
State budget staff told the Joint Budget Committee on Aug. 28 that higher education will absorb a $12.7 million reduction from a previously planned increase but will still receive a net increase of roughly $22.1 million versus the prior year.
Mark Ferndino, the governor’s budget director, said the reduction represents approximately one‑third of the increase that institutions had been expecting. He said departments met with campus presidents and chief financial officers the morning of the presentation and that the administration used the formula to…
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