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Board of Regents committee approves FY26 operating budget distribution, holds formula funding until FY27
Summary
The Board’s finance committee approved the operating budget distribution for fiscal year 2025–26 after state appropriations left higher education broadly stable. Regents and staff said major formula changes were delayed until fiscal year 2027 and noted supplemental one‑time funds and targeted increases to scholarship programs.
The Board of Regents’ finance committee voted to approve the operating budget distribution for fiscal year 2025–26 after the state legislature enacted the FY26 appropriations in HB 1.
Board staff told the committee that the state’s fiscal actions left higher education funding generally stable, including one‑time supplemental state funds. Bentley Smith, a senior staff member who led the presentation, said the board received about $25 million in one‑time funds for the current year and an additional roughly $3.5 million for the next…
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