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Board of Regents seeks $119 million state increase for FY26–27 higher education budget; regents add $5 million for teacher apprenticeships
Summary
Deputy Commissioner Elizabeth Bentley Smith presented a FY26–27 state general fund request totaling $119 million and detailed program priorities including formula funding, need-based grants (GO Grant), MJ Foster, workforce and campus safety. The Board approved the request and added a $5 million amendment for teacher apprenticeship and preparation.
Deputy Commissioner for Finance and Administration Elizabeth Bentley Smith told the Board of Regents on Oct. 1 that the current higher education budget across all means of financing is $1,320,000,000 and the staff recommendation for the FY26–27 state general fund request is an increase of $119,000,000.
“Those are all means of financing,” Bentley Smith said, describing the $1.32 billion figure as the combined total for state general fund, IAT, tuition and fees, federal funding and statutory dedications. She said the requested $119 million increase would support initiatives across two‑ and four‑year institutions as well as specialized campuses.
Bentley Smith outlined the staff priorities inside the request: $50,000,000 for formula…
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