Update Posted February 07, 2012
Senate Hears University System Budget Requests
On Wednesday, February 1 University System Chancellor Hank Huckaby, along with University System Chief Fiscal Officer John Brown, presented to Senator Cecil Staton’s subcommittee on behalf of Governor Nathan Deal’s budget recommendations.
Mr. Brown addressed the recommendations and responded to inquiries from Senators regarding specific budget items. Additionally, Senator Staton called on the four presidents with projects in the governor’s recommendations to briefly speak about those projects. In addition, the presidents of Georgia College & State University and Valdosta State University were given the opportunity to address the committee about projects at their institutions that were requested by the board of regents.
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