budget
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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.
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June 16, 2022
UM-Flint focuses on innovative curriculum, support, community engagement
The budget for the upcoming year at UM-Flint focuses on the university’s top priorities: supporting student success, fostering academic innovation and investing in faculty and staff.
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June 16, 2022
Michigan Medicine reports positive FY ’22 financial performance
Michigan Medicine has reported projected positive results for the end of the 2021-22 fiscal year, with an anticipated 4.2% operating margin on forecasted operating revenues of $5.5 billion.
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June 16, 2022
Athletics projects more revenue, financial aid costs for FY ‘23
The U-M athletic department expects balanced budgets for both the current fiscal year and the one that begins July 1, despite continued challenges amid the ongoing COVID-19 pandemic.
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February 10, 2022
Whitmer budget includes big increase in higher ed funding
The state’s 15 public universities would each receive a 5 percent increase in additional ongoing funding plus another 5 percent one-time increase under Gov. Gretchen Whitmer’s budget proposal.
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June 18, 2021
University lifts spending restraints imposed during pandemic
U-M will lift universitywide pandemic-related spending restraints that were implemented in April 2020 but will continue to be prudent about spending in the face of ongoing financial uncertainties.
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June 17, 2021
U-M extends Go Blue Guarantee, $15 minimum wage to all campuses
The university will extend its Go Blue Guarantee offering free tuition for qualifying Michigan residents to the Dearborn and Flint campuses. Regents also enacted a $15-an-hour minimum wage for permanent workers.
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June 17, 2021
Michigan Medicine reports positive financial performance for FY ’21
Michigan Medicine has reported projected positive fiscal year-end results, with an anticipated 6.5 percent — or $339.8 million — operating margin on forecasted operating revenues of $5.2 billion.
