June 13, 2014
The state Legislature has concluded its work on the state budget for higher education for fiscal year 2015, approving legislation that would increase overall state funding by 5.9 percent.
Increased funding to the state’s 15 public universities ranges from 3.9 percent to 9.2 percent.
The U-M Ann Arbor campus will receive $15.9 million in additional state funding for an increase of 5.7 percent. UM-Dearborn will receive $1.2 million more for an increase of 5.2 percent, and UM-Flint will receive $1.4 million more for a 7 percent increase.
"We are grateful for the Legislature’s commitment to this significant reinvestment in state funding to higher education that has been cut over the past decade," says Cynthia Wilbanks, vice president for government relations.
The Legislature approved the higher education portion of the state budget Wednesday night.
To receive the funding increase, each university must hold its FY 2015 in-state undergraduate tuition and fee increase to no more than 3.2 percent. The Board of Regents will consider the annual budget recommendations at its June 19 meeting.