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Midyear budget shows larger surplus; regents debate reserves and warn of FY26–27 shortfalls if one‑time funds lapse
Summary
CSCU’s midyear update raised the projected FY25 surplus to $44.3 million. Regents debated use of roughly $600 million in system reserves and heard a presentation that the governor’s proposed budget would eliminate ARPA one‑time funds, producing projected deficits of $37.4 million in FY26 and $52.9 million in FY27.
The Board of Regents on Feb. 27 adopted a midyear fiscal report that increased the system's projected fiscal‑year 2025 surplus from an earlier estimate of $3.9 million to $44.3 million, driven by $37 million of higher revenues and $3 million of reduced expenditures, system staff said.
Chief Financial Officer Lloyd Blanchard presented the midyear update and a slide summary of how the governor’s proposed budget would affect FY26 and FY27. Blanchard said one‑time funds received in FY25—largely ARPA and other one‑time allocations totaling about $156.4 million—are not repeated in the governor’s proposal. With the…
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