budget
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June 29, 2023
State budget has more U-M funding, scholarship support
The Legislature has passed a 2023-24 budget that provides the state’s public universities with significant increases in operational funding and additional support for facilities, infrastructure, technology and campus security.
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June 15, 2023
Regents’ comments about U-M’s 2023-24 budget
Comments from Regents Jordan B. Acker, Michael J. Behm and Sarah Hubbard at the June 15, 2023, Board of Regents meeting.
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June 15, 2023
U-M expands its Go Blue Guarantee in 2023-24 budget
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.
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June 15, 2023
Michigan Medicine reports positive FY ’23 finances
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.
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June 15, 2023
Athletics projects balanced budget in FY ’24
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.
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June 15, 2023
Dearborn budget invests in employees, need-based aid
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.
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June 15, 2023
Flint budget increases institutional aid for students
UM-Flint’s budget for the 2024 fiscal year increases institutional financial aid available to students while allowing for continued curricular and support innovation.
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July 1, 2022
State budget has more U-M funding, supports EV center
Michigan lawmakers have approved a 2022-23 budget that will substantially increase state funding for U-M’s three campuses, and also supports a wide range of university-related research areas and interests.
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June 16, 2022
Most in-state undergrads to see no additional tuition costs
Most in-state undergraduates at U-M will see no increase in out-of-pocket tuition expenses this fall. The FY ’23 budget also includes a $15-per-hour minimum wage for temporary and student employees, and faculty and staff merit programs.
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June 16, 2022
UM-Dearborn budget prioritizes student aid, investments in workforce
UM-Dearborn will increase its financial aid spending by nearly 25% next year as part of the university’s commitment to student success and academic excellence.
