budget
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February 26, 2021
Salary, hiring freezes to ease with approved FY ’22 budget
When the new fiscal year begins, and subject to budget approval, U-M employees will again be eligible for merit raises and campus units will be able to begin to fill critical faculty and staff vacancies.
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February 11, 2021
Whitmer seeks 2 percent increase in higher-ed spending for FY ’22
Each of the state’s 15 public universities would receive a 2 percent increase in state funding under Gov. Gretchen Whitmer’s budget proposal for the 2021-22 fiscal year.
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September 30, 2020
State higher education budget holds U-M funding steady
State funding for the three U-M campuses will remain stable under the 2020-21 budget signed by Gov. Gretchen Whitmer, easing concerns about further pandemic-related state financial impacts on the current year.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
