July 05, 2020

budget

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.