FISCAL YEAR 2009 BUDGET RECOMMENDATIONS FOR HIGHER EDUCATION Illinois Board of Higher Education...
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Transcript of FISCAL YEAR 2009 BUDGET RECOMMENDATIONS FOR HIGHER EDUCATION Illinois Board of Higher Education...
FISCAL YEAR 2009 BUDGET RECOMMENDATIONS FOR HIGHER EDUCATION Illinois Board
of Higher Education
February 22, 2008
FY09 Investment Budget
FY09 operations and grants budget recommendations consist of a set of five investment levels
Different investment levels demonstrate how the State can achieve its higher education goals at different levels of state funding
Investment budget recognizes revenue uncertainty and other State priorities
2
FY09 Budget Priorities3
FY09 Operations & Grants4
FY09 Operations & Grants5
FY09 Operations & Grants6
FY09 Operations & Grants7
FY09 Base
Funds higher education at the current base investment level of $2.19 billion
Base level excludes one-time add-ons
State is also contributing $618.3 million in FY08 for pensions and group insurance
8
FY09 Step Two
1.0 % increase -- $22.4 m Faculty and Staff Salaries Base Operating & Equalization College and Career Readiness Adult Ed MAP Nursing CAS, Data
9
FY09 Step Three
2.7% Increase -- $59.7 m Faculty and Staff Salaries Base Operating & Equalization College and Career Readiness Adult Ed MAP Nursing Matching Grants CAS, Data
10
FY09 Step Four
6.4% Increase -- $139.3 m Faculty and Staff Salaries Utility Costs Nursing Programs Base Operating & Equalization Student Success Grants College and Career Readiness Adult Ed MAP Veteran Grants, ING Grants Nursing Matching Grants DFI CAS, Data, P-20 Council Baccalaureate Completion Grants Campus Security Initiatives IMSA Deferred Maintenance
11
FY09 Step Five12
9.2% Increase -- $201. m Faculty and Staff Salaries Utility Costs Nursing Programs Base Operating &
Equalization Student Success Grants College and Career
Readiness Adult Ed MAP Veteran Grants, ING Grants Nursing Matching Grants DFI CAS, Data, P-20 Council Baccalaureate Completion
Grants Campus Security Initiatives IMSA Deferred Maintenance
FY09 Capital Improvements Overview
13
$805.8 Million Recommended Requests Total $2.0 billion
Capital Renewal: $60.0 million Highest priority
Regular Capital: $523.0 million 33 projects; 30 have appeared in previous IBHE
recommendations
$222.9 million Opportunity Returns projects 6 projects with some funding already released
Continued Support for CC Enhanced Construction
FY09 Recommendations Summary
14
Focus on the highest priorities articulated by the Board and higher education community
Investment levels Sensitive to uncertain state fiscal
environment