"Administrative Update" on state budget

Last week the Finance Committee of the State University of New York Board of Trustees recommended approval of a SUNY 2000-2001 financial plan to the board that calls for an allocation of $248M to UB, an increase of $13.6M over FY-00. The increase is comprised of the following:

- $7.1M in tuition revenue from enrollment growth and schools of Law and Pharmacy tuition increases

- $4.2M in funding for 2000-2001 negotiated United University Professions salary increases. There will be further additions when other contracts are finalized. Funding for contract adjustments will be made to SUNY from a state lump sum for salary adjustments.

- $2.3M from performance-based budget allocation based on growth in enrollment and sponsored research

Final approval of the SUNY financial plan is expected next week.

Funds associated with the mission-review process that was conducted last fall have not been allocated by SUNY at this time, pending final review by the Mission Review Advisory Committee. UB's FY-01 financial plan will be completed and disseminated after trustee action on the budget.