Please do not leave this page until complete. This can take a few moments.
The tentative state budget agreement between Republican and Democratic leaders would cut the state’s share of funding for public colleges and universities by $79 million this fiscal year.
For UConn, the cuts are slightly more than those in the budget put forth earlier by Democrats and significantly less than those in the Republican plan adopted by the legislature and vetoed by Gov. Dannel P. Malloy.
The state block grant to the University of Connecticut and its health center will be cut $65 million – a 17 percent reduction.
The block grant for the Board of Regents – which oversees the state’s 94,000-student system of 12 community colleges, four regional state universities and an online college – will be cut $14 million this year. That’s a 4 percent reduction, about the amount anticipated in both parties’ plans.
Last year the state spent $1.1 billion on UConn and the CSCU system. Of that about $700 million is given as block grants and $400 million goes to cover pension and retirement benefits for school employees.
The state-funded financial aid program was shielded from cuts. The Republican budget would have eliminated the $36 million Roberta Willis Scholarship program that helps low-income and/or high-achieving students pay for public or private college.
A spokeswoman for the regents said this level of cuts were expected.
“We always knew there would be a cut to our general fund appropriations. It’s one of the many reasons we are taking steps to restructure our system so we are on a sustainable path in the future,” said Maribel La Luz.
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
Read HereThis special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments