Short news items from around the University of Michigan.

Another 450 in-state students will be able to attend U-M tuition-free as part of a 2023-24 budget that expands the Go Blue Guarantee and prioritizes affordability and key investing in student, faculty and staff success.

• Michigan Medicine reports positive FY ’23 finances
• Athletics projects balanced budget in FY ’24
• Dearborn budget invests in employees, need-based aid
• Flint budget increases institutional aid for students

Michigan Medicine projected positive fiscal year-end results, with an anticipated 0.7% – or $39.8 million – operating margin on forecasted operating revenues of $5.9 billion. 

The athletic department reported a slight operating surplus for the current fiscal year and is projecting a slight decrease in total operating revenues and expenses for fiscal year 2024.

UM-Dearborn affirmed its commitment to student success, more equitable wages and sustainability efforts in its $170.2 million general fund operating budget for fiscal year 2024.

UM-Flint’s budget for the 2024 fiscal year increases institutional financial aid available to students while allowing for continued curricular and support innovation. 

Regent Sarah Hubbard, the Board of Regents’ current vice chair, will succeed Regent Paul Brown as chair for 2023-24, beginning July 1. Regent Katherine E. White will serve as vice chair.

Other items approved by the Board of Regents at its June 15 meeting.

The Office of the Vice President for Research awarded more than $500,000 this month as part of its Research Catalyst and Innovation Block Grants Program to support arts and humanities projects at U-M.

Paul J. Draus, professor of sociology at UM-Dearborn, will be the new director of U-M’s Detroit Center, focusing on community engagement, research initiatives and U-M’s relationship with the Detroit area.