MSU Budget Materials-2007-08

 

• (November 1, 2007) Michigan House Bill 4350 (regarding higher education appropriations)
• (September 27, 2007) Potential State of Michigan Financial Shutdown: MSU Will Remain Open.
• (September 21, 2007) Currently Posed Questions. A section dedicated to discussing recently posed questions from various members of our community.
• (September 21, 2007) MSU Economic Impact Study. In May, the Anderson Economic Group released its report on the economic impact of Michigan State Univeristy The full report, linked previously is available, as well as a sub-report that details the MSU impact on East Lansing
• (September 11, 2007) State Budget Update. A report from the Senate Fiscal Agency on the status of the state budget for 2006-07 and 2007-08
• (August 30, 2007) Conversation with Dave Byelich. A discussion of the 2007-08 budget as published in the MSU News Bulletin on August 30, 2007
• (July 16, 2007) President Simon comments on MSU's 2007-08 G.F. budget. Preserving quality, ensuring value provides framework for MSU's 2007-08 budget
• (July 11, 2007) 2007-08 Budget Supporting Materials Background and support materials for the development of the 2007-08 budget.
• (July 11, 2007) 2007-08 Board of Trustee Action Item- 2007-08 Budget Detailed proposal for MSU's 2007-08 budget as approved unanamously by the Board of Trustees. Includes general fund, Michigan Agricultural Experiment Station, Michgan State University Extension and Intercollegiate Athletics .

• (June 15, 2007) 2007-08 Budget Planning Preserving a Critical Asset for Michigan Background materials used to derive the 2007-08 general fund budget options.
  

• (May 26, 2007) Senate Bill 0436 (please note Section 112, item(7) )-The Michigan House and Senate on Friday, May 25, approved a report from the Legislative Conference Committee taking measures to resolve the 2006-07 budget shortfall with a significant loss in funding for higher education. The state’s 15 public universities were cut $25.9 million, to be implemented by a proportional reduction in the operations increase received by each university in fiscal year 2006-07. The reduction for MSU is $6 million, or a loss of 60 percent of the fiscal year 2006-07 increase. This $6 million includes a $400,000 cut to the Agricultural Experiment Station and a $300,000 cut to the Extension Service.
  
  In addition, the Legislature approved a delay in funding for the second half of the August 2007 payment to universities until the state’s fiscal year 2007-08, which begins in October. For all public universities, this represents a new funding delay of $69.4 million. Combined with an earlier deferral of the first half of the August payment, taken by executive order, this action will result in more than $30 million in delayed appropriations payments for MSU and cost the university an estimated $400,000 in interest income.

• (Updated May 17, 2007) MSU Preliminary Budget Planning Background materials used to derive the 2007-08 general fund budget options.
  
  
• (April 19, 2007) State Must See Higher Education as Investment (From the President's Desk)
  
  
• (April 17, 2007) The Michigan House on Tuesday April 17th proposed to balance the current year budget with a major cut to higher education. Michigan’s 15 public universities were cut $43.2 million by eliminating the entire 2006-07 funding increase. For MSU’s general fund this equates to a loss of $8.5 million, plus an additional $1.2 million loss to the Agricultural Experiment Station and the Extension Service.
  
  

  In addition, the House approved a second payment delay for the remaining portion of the August state aid totaling $66.54 million. The two items combined saved the state over $113 million, which amounts to almost 50 percent of the general fund cuts enacted on Tuesday night. For Michigan State, the delayed allotment is $13.3 million. If approved by the Senate and Governor, this delay coupled with earlier actions will result in an approximate $30 million dollars in delayed appropriations payments and cost the University an estimated $0.4 million in interest income. Please view the analysis of the current bill's impact on MSU.

• (March 22, 2007) Executive order deferring $16M in MSU appropriations support with pledge to repay in October (PDF)
  
  
• (February 8, 2007) Executive budget recommendations providing MSU with a 2.5% increase for 2007-08 (PDF)
  
  
• (November 13, 2006) Citizens Research Council document outlining long term fiscal challenge (PDF)
  
  
• (June 30, 2006) Michigan State University Financial Statements

 

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