CSCU midyear update shows $44M projected FY25 surplus as enrollments rise; biennium gaps remain

The Connecticut State Colleges and Universities (CSCU) Finance Committee on [meeting date not specified] approved the system's FY25 midyear financial update, which shows stronger‑than‑expected enrollment revenue and reduced expenditures that together improved the FY25 outlook from a $3.9 million surplus at adoption to a roughly $44 million projected surplus.

CFO Lloyd Blanchard told the committee: "Those revenues are now higher by 37,000,000, now projected to be $1,257,000,000... System wide, our expenditures are down by $3,000,000... [which] lead[s] to a swing of, $40,000,000." He said the revenue increase is largely driven by fall and spring enrollment gains, and that a system spending‑mitigation program contributed to expenditure reductions.

System and institutional highlights - Systemwide: Revenues originally projected at $1.09 billion are now estimated at $1.257 billion (+$37 million). Expenditures are down about $3 million; the midyear swing produces a projected FY25 surplus near $44 million, compared with a planned $3.9 million surplus at adoption. The system applied about $14 million in RSA funds into the midyear column. - Central Connecticut State University: Revenues…