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The slides as presented by Dr. Simon depicting the implications of the State Revenue Confernce
A dynamic budget planning tool is avaialable for download.
The appropriation conference report was released on the afternoon of September 23, 2009. Early highlights follow. Note that it has not been adopted by either house at this time. Further, various legislative leaders have stated that some reductions may be offset by subsequent allocations connected to changes in the tax structure. The highlights as we understand them at this time are:
GF reduced by 3% on a recurring basis (MSU internal budget number); nonrecurring stimulus allocation of $7.9M
(MSU Budget materials designated nonrecurring stimulus payments, if received, to mitigate the 2009-10 tuition increase for resident undergraduate students or cuts in state scholarships, or a combination of the two.)
AES reduced by 50% on a recurring basis; nonrecurring stimulus allocation of $18.3M
The sum of recurring and nonrecurring components, for each individual line GF, AES & CES reflect a reduction of 0.4%
State financial aid programs including Promise Grants have been eliminated with the exceptions of State Competitive Scholarships and State Tuition Grants, both of which have been reduced by approximately half.
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