Regents Approve $1.99 Billion Budget Request to Support Students
Atlanta — September 9, 2014
The Board of Regents of the University System of Georgia adopted today a $1.99 billion 2016 fiscal year budget request, along with a separate $254.8 million request for needed facilities.
The request, which now goes to the Governor’s Office, is a net increase of just $46.4 million, or 2.4 percent, over the FY2015 state appropriation to the regents.
The request will support the board’s focus on attracting and retaining students with an emphasis on college completion. Additionally, these funds provide funding for increases in health insurance, retirement programs, retiree benefits, and maintenance and operations funding for new and existing facilities.
“As we intensify our focus on students and how we help improve the ability of students to enroll and earn degrees, we must continue to use state funds effectively and efficiently on their behalf,” said University System of Georgia Chancellor Hank Huckaby. “This budget request supports our students.”
The board’s fiscal year 2016 capital request includes $3.3 million for equipment for one project, $157.5 million for eight construction projects, $9.8 million for planning and design of six projects, and $5 million for one building restoration project.
In addition, funding is requested for $60 million in bond funds for Major Repairs and Renovations (MRR). The total amount requested is $235.6 million for the University System of Georgia.
The request also includes $19.2 million in state funding the Georgia Public Library System, which includes funding to construct ten library projects and funding for computer replacement and funding to support major repairs and renovations.
A full listing of requested capital projects is available online at: http://www.usg.edu/facilities/capital_budget_requests« News Releases