In a message to the university community March 6, President Mark B. Rosenberg addresses possible cuts to the 2012-13 budget.
Dear FIU community:
The legislative conference process has taken place in Tallahassee and we now have a better idea of what cuts we will be subject to in the 2012-13 fiscal year.
The State University System operating budget was slashed by $300 million. In the past, every university took a proportional cut; this year, factors such as carryforward funds and enrollment projections were weighed. This resulted in the conference process recommending a $24.3 million cut to the FIU budget.
This reduction represents 15 percent to our base budget; this is a lower percentage than for most other SUS institutions. We are thankful to our legislators for their commitment to limiting the magnitude of the cuts and to our Governmental Relations team for their hard work this session.
We are pleased that the Herbert Wertheim College of Medicine received full funding this year — $946,000. This is critical because achieving full accreditation is intimately tied to appropriate funding.
Also, we did receive authorization for 15 percent differential tuition increase, which would mean $12 million to help mitigate the $24.3 million cut.
From what we can determine at this point, there is a reduction to the employer-paid contribution to our employees on the Optional Retirement Program. The state’s contribution to an employee’s retirement would go from 7.43 percent to approximately 5.15 percent.
We received no Public Education Capital Outlay funds for 2012-13.
Also, today Circuit Judge Jackie Fulford ruled unconstitutional last year’s requirement that three percent of state employee salaries be deducted to replace reduced state contributions to the ORP and FRS retirement programs. She ordered the state to stop the deductions immediately. This ruling will likely be appealed.
At the beginning of the financial crisis, we made some painful adjustments that involved the closing of programs and the elimination of positions. Due in large part to careful fiscal planning and tuition increases, we have been able to sustain our university, continue to offer access to deserving students, and even invest in some strategic areas.
I am working very closely with many around the university to model different scenarios that could help mitigate this cut. We will share that information with you as soon as we have more certainty.
I appreciate the hard work you do on behalf of our students and our community despite these challenging times. We are working to schedule a budget town hall meeting; will update you as soon as plans are finalized.
Sincerely,
-$24,000000 = +15% tuitionRT @FIUnews: President Rosenberg updates the university community on the 2012-13 budget #FIU http://t.co/4ZQXs9vI
Could have been a lot worse… Oh? What’s that I hear? Here comes “Occupy FIU” and there inability to understand how the world works…
Goodjob President Rosenberg! We know you look out for us.
As much as I want the University to succeed, I hope Rosenberg is ready for more cuts in the future and increases the student body and implementing more cuts. The State of Florida needs to get its fiscal house in order if it wants to get the uneployment rate down.
state budget cuts have been a nightmare for the the SUS. But, if we still insist on tuition increases as planned now By MR, then many students and prospects will see it impossible to continue studies at FIU. the affordability of higher education will find refuge in community colleges where students will flock in large masses to pursue some type of college education and/or vocational or anything that their families could afford. scholarships are cut as we speak and they do not cover these tuition hikes. Anyone here thinking that MR is doing an excellent job at FIU as president is really ignorant as to how bad this president is so doing: terrible fundraiser, he is not promoting hiring more research professors who can bring extra funding + grants with them and increase the level of education, graduation rates are at 45% the worst in the state, administration hiring is out of control and a huge part of FIU budget goes to pay them while faculty is overloaded with work and with meager salaries. On top of that, MR worries only about the athletics at school and increasing those fees by ripping off students without telling them that FIU charges $15.56 /per credit hour and not the big lie that students pay only $20.00. FIU can do way better if MR really cares about how south Florida families are struggling to pay their children education.