Update Posted January 18, 2012
Gov. Deal’s Budget Recommendations
On Wednesday, January 11, 2012, Governor Nathan Deal released his budget recommendations for the FY2012 amended and FY2013 budgets. Chancellor Hank Huckaby will present these recommendations related to the USG to the Joint Appropriations Committee on Tuesday, January 17, 2012.
“The budget recommendation is a good indication of [Governor Deal’s] support, not just for the USG, but also for all of education in Georgia. We will work very hard to continue to earn this support,” said USG Chancellor Hank Huckaby.
The governor’s recommended FY12 amended budget for the University System of Georgia (USG) is $1.7 billion in state funds, which includes a reduction of $33.95 million – a 2 percent reduction required of all state agencies. The governor’s recommended FY13 budget for the University System is $1.8 billion in state funds, an increase of $86.9 million over last year’s base budget.
The governor’s recommendation for Formula Funding is $113.9 million, which includes $72.6 million for enrollment growth. Governor Deal noted the importance of this support in his State of the State address: “Our schools are the front line in our effort to create prosperity. It is here we make our most strategic investment in the future!”
The governor’s recommendation for Capital Outlay is $232.6 million and includes:
• MRR - $45 million
• Equipment - $11.1 million
• Construction - $164.5 million
• Georgia Research Alliance - $8 million
• Fort McPherson Retrofit - $4 million
Capital outlay for construction includes funding for:
• Georgia Health Sciences University Medical Commons - $28 million
• University of Georgia Veterinary Medical Teaching Hospital - $52.3 million
• Georgia Gwinnett College Allied Health Building - $25.2 million
• Georgia Institute of Technology Engineered Biosystems Bldg. - $59 million
“I am enthusiastic about this year’s budget recommendation by the governor,” said John Brown, USG vice chancellor of fiscal affairs. “This is a turning point for the University System and its budget. Though we still face economic challenges, an increase in funding shows the governor’s belief in the work we are doing as a System.”
Posted by Sonja Roberts
Published in: Governance