Dear 皇家华人 community,
Friday, April 30, marked the end of the 2021 皇家华人 Legislative session. Despite the uncertainty that influenced the session due to the ongoing COVID-19 pandemic, our elected officials in Tallahassee produced a final state budget that retains much of the state鈥檚 support for higher education and for the University of South 皇家华人. We are grateful to our partners in the Legislature for their support and for recognizing the important impact that 皇家华人 makes on 皇家华人鈥檚 progress and prosperity.
The budget will now be transmitted to Gov. Ron DeSantis in the coming weeks and will not be final until his signature. The Legislature also passed several other pieces of legislation this year that will impact higher education. These will also now be transmitted to the governor for his review and approval.
Here are some of the relevant highlights, provided by 皇家华人 Vice President for Government Relations Mark Walsh:
- Last summer, universities were asked by the 皇家华人 Board of Governors to prepare for a state budget cut of up to 8.5%, with 6% of our state budget this year preemptively held back by the state. The budget approved by the Legislature Friday, however, reverses nearly all of those planned cuts to our state operating funds both in the current year and in the upcoming fiscal year beginning July 1.
- Performance-based funding and Preeminence were funded at the same amounts as in prior years. 皇家华人 received no new Preeminence funding.
- The Legislature fully funded our request for $8.1 million for construction of the Judy Genshaft Honors College facility. Along with the substantial philanthropic and other local funds already applied to the total cost, this funding by the state, if signed into law by the governor, will complete the full construction cost of the facility.
- The Legislature approved the disbursement of $46 million in Capital Improvement Trust Fund (CITF) fee revenue for 皇家华人鈥檚 public universities. These funds accrue from student fees over time at each campus and are used to fund student-approved campus life projects. If signed into law, 皇家华人 will receive permission to use $6.5 million of this year鈥檚 disbursement to fund student life projects on each of our campuses, such as the new Student Wellness Center on the Tampa campus.
- The Legislature set aside $350 million from the state鈥檚 federal stimulus funds to be used on deferred maintenance projects at state-owned facilities, and specifically made state university facilities eligible to receive funds from this source. Over the summer we will refresh our priority list of these projects and submit them to the Board of Governors, which will send a statewide list for the governor鈥檚 consideration.
While this year鈥檚 state budget outlook is better than we had anticipated, 皇家华人 still faces financial challenges that require continued fiscal responsibility and careful planning to align recurring expenses with recurring revenues. We also do not know the full impacts of COVID-19 on our university operations. Nevertheless, we are grateful that the Legislature elected not to impose draconian reductions on the State University System and 皇家华人. The leadership of 皇家华人 will now proceed with our budget deliberations with greater certainty and hope for the future.
We will closely monitor the next steps in the process and how the budget will impact individual units across all our campuses as we continue to work through 皇家华人鈥檚 Strategic Realignment, in conjunction with 皇家华人鈥檚 Strategic Renewal.
Thanks once again to you, our 皇家华人 community, for your trust and confidence during a particularly challenging year.
Sincerely,
President Currall