budget
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June 29, 2020
Michigan Medicine’s clinical operations expect $3M loss in FY ’20
Costs from the COVID-19 pandemic dramatically affected financial results for Michigan Medicine’s clinical operations, resulting in a forecasted $3 million operating loss for the fiscal year ending June 30.
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June 29, 2020
UM-Dearborn budget commits to academic excellence, student success, access
An increased investment in financial aid, the university’s focus on student achievement and a change in the tuition structure highlight UM-Dearborn’s fiscal year 2021 budget.
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June 29, 2020
UM-Flint offers affordable options for students in FY ’21 budget
UM-Flint is taking steps that include keeping tuition affordable and eliminating online fees for students during the coming year to plan for the future with the 2020-21 fiscal year budget.
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June 29, 2020
Revenue losses from COVID-19 make Athletics deficit likely in FY ’21
The U-M athletic department expects a budget surplus of $1 million for the current fiscal year and, due to the ongoing COVID-19 pandemic, projects a budget deficit for the fiscal year that begins July 1.
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June 29, 2020
Regents approve budget shaped by COVID-19 challenges
The Board of Regents has approved a 2020-21 budget that includes a 1.9 percent tuition increase and $12.8 million in additional need-based financial aid for undergraduates on the Ann Arbor campus.
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June 25, 2020
Proposed FY ’21 university budget fails on split vote by Board of Regents
U-M will enter the new fiscal year July 1 without an approved budget after regents voted 4-4 on a measure that included a 1.9 percent tuition increase for Ann Arbor campus students.
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June 22, 2020
Board of Regents to meet publicly online June 25
The Board of Regents will meet virtually at 9 a.m. June 25. The meeting will provide for public participation while maintaining appropriate social distancing.
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February 6, 2020
Whitmer’s FY ’21 budget includes 2.5 percent increase for higher ed
Gov. Gretchen Whitmer is recommending a 2.5 percent increase in funding for each of the state’s 15 public universities, which will be expected to limit tuition increases to 4.25 percent.
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June 20, 2019
Michigan Athletics projects balanced budget for coming fiscal year
The Athletic Department expects a budget surplus of $1 million for the current fiscal year and projects a balanced budget for the 2020 fiscal year that begins July 1.
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June 20, 2019
Michigan Medicine shares expected positive financial results for FY ’19
Michigan Medicine is projecting an anticipated 3.8 percent operating margin — $178 million on forecasted operating revenues of $4.7 billion — for the end of the 2019 fiscal year.
