Governor Rick Snyder presented his Executive budget for Fiscal Years 2015-2016 on February 11, 2015 at a joint meeting of the House and Senate Appropriations Committees. The Governor's presentation focused on Michigan's improving financial state and economic conditions including the 60,000 new private sector jobs created since Jan. 2014, the highest personal income growth in the Great Lakes region, rising home sales, and a continued rebound in housing starts. For the upcoming fiscal year, the Governor is recommending an additional $27.99 million in operation funding for Michigan's fifteen public universities; this represents an approximate 2.0 percent increase. The 2.0 percent increase is distributed based on performance metrics first adopted in FY 2014.
In addition, the proposal requires all 15 public universities to limit any tuition and fee increases to no more than 2.8 percent. The Governor's proposal would provide a 1.9 percent increase for UM-Ann Arbor, a 2.5 percent increase for UM-Flint and a 1.7 percent increase for UM-Dearborn.
To review the specifics, you may reference the following documents:
- Executive Budget Overview (Higher Education Pages: B35-B-37)
- Senate Fiscal Agency Analysis of the Executive Recommendation
- House Fiscal Agency Analysis of the Executive Recommendation
- Performance Funding Metrics
In the coming months, the Higher Education Appropriations Subcommittees in the Senate and the House of Representatives will conduct a series of hearings on higher education appropriations. They are expected to present their FY 2016 budget proposals around the end of March. These proposals will be posted here as they become available.