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FAC hears system budget shortfall and large reserves; members question transparency
Summary
Committee members received a system budget briefing comparing the CSCU budget request to the governor’s offer, heard a white‑paper style ROI argument for higher education investment, and raised questions about large reserves, system office charges and the need for audited fiscal statements.
Committee members discussed the Connecticut State Colleges and Universities’ budget request, the governor’s offer and a series of reserves that members said complicate transparency and planning.
The system office has requested roughly $551.1 million for year one of the biennium and $550.8 million for year two, according to slides circulated during the meeting. The governor’s proposal shown in the same presentation provided substantially less — roughly $471.7 million in the first year and $485.1 million in the second — creating a system shortfall of about $100–200 million depending on assumptions and one‑time funds.
FAC chair and members described the arithmetic: the system’s “ask” built in both a baseline need and additional deficit mitigation…
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