budget
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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.
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June 17, 2021
Regents approve UM-Dearborn budget and Go Blue Guarantee extension
The Board of Regents affirmed UM-Dearborn’s commitment to student success, academic excellence and creating access and opportunity for qualified students with the approval of the university’s $155 million 2021-22 general fund operating budget.
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June 17, 2021
Regents freeze undergraduate tuition, bring Go Blue Guarantee to UM-Flint
Undergraduate students at UM-Flint will not see a tuition increase during the coming academic year — and some will pay no tuition at all — as the university reaffirms its ongoing commitment to affordability and access for all students.
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June 17, 2021
Athletics expects to mitigate COVID-19 revenue losses in FY ’22
The U-M athletic department expects a budget deficit of $62.9 million for the current fiscal year due to the ongoing COVID-19 pandemic, and projects a surplus of $1.4 million for the fiscal year that begins July 1.
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June 17, 2021
Regents comments about U-M’s 2021-22 budget
Remarks from Regents Jordan Acker, Mark Bernstein, Michael Behm, Paul Brown, Sarah Hubbard and Denise Ilitch regarding U-M’s 2021-22 budget.
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June 14, 2021
Board of Regents to conduct virtual meeting June 17
The Board of Regents is scheduled to meet virtually at 2 p.m. June 17, consistent with Gov. Gretchen Whitmer’s executive directive regarding public meetings during the COVID-19 pandemic.
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May 19, 2021
State House proposal would slash budget for Ann Arbor campus
A Michigan House committee has moved forward a higher-education budget bill that would leave overall funding flat but radically change how the state supports its 15 public universities.
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March 30, 2021
UM-Flint plans tuition freeze for 2021-22 academic year
UM-Flint is planning to freeze undergraduate tuition and all mandatory fees for the upcoming academic year, and make new investments in scholarships, grants and academic support for students.
