budget

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.