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Board of Regents committee approves FY 2025–26 operating budgets
Summary
The Board of Regents' finance committee accepted the operating budgets for fiscal year 2025–26 after a presentation highlighting a $68 million year‑over‑year change driven by tuition authority and growth in system self‑generated revenue; the motion passed by voice vote.
The Board of Regents' finance committee on Tuesday approved the systemwide operating budgets for fiscal year 2025–26, concluding the fiscal‑year budget process and clearing the way for next month’s FY27 budget request.
Senior staff said the package shows a roughly $68 million difference between FY25 and FY26, driven largely by tuition budget authority and increased fees and self‑generated revenue—particularly growth at the LSU system. Staff also described roughly $24.6 million in system enhancements to support operating costs at UNO, Grambling, ULM and other institutions, mandated costs tied to health plans and federal support offsets for research and Ag Center operations, and nonrecurring adjustments from the prior year.
Miss Bentley Smith, presenting the recommendation, said statutory dedications and adjustments are dependent on the Revenue Estimating Conference's (REC) actions and noted some savings reflected as mandated cost changes. After the presentation, a motion to approve the FY25–26 operating budgets was made and seconded; committee members asked clarifying questions about REC recognition of newly authorized revenue streams and the budget’s standstill posture per gubernatorial guidance. Senior staff confirmed REC recognition is required before certain revenue (for example, newly legislated sports‑betting tax receipts) can be reflected in the budget.
The motion carried by voice vote. Senior staff said the FY26 budget process is now concluded and the FY27 request will be brought to the board for approval at the October meeting in Monroe.
The committee did not adopt additional fiscal policy changes at the meeting; members asked staff to provide ongoing updates about REC actions and other revenue recognitions that could affect budget projections.
