The bad news is, some of it may get taken away.
Education is given priority.
The University is provided a budget increase, instead of a decrease, for the first time in four years. The Governor and the Legislature approved a budget that is generally consistent with the plan approved by The Regents in January, and I am very appreciative of that fact. While the State's budget plan is funded somewhat differently, its basic intent is the same and it supports roughly the same expenditures as The Regents plan. While the State Budget Act provides a specified level of funding for the University, language in a trailer bill leaves us vulnerable to a mid-year budget reduction each year. Our State-funded budget could be significantly reduced at a time when we are already very far along in both the fiscal and the academic year, with students enrolled and classes underway.