Colorado higher education institutions are bracing for $36 million in budget cuts for
the upcoming fiscal year, based on Gov. John Hickenlooper’s $518 million higher education general fund
budget proposal, released today to the Joint Budget Committee.
The proposal is part of the governor’s FY 2010-11 and FY 2011-12 Executive
budget package.“The cuts to higher education translate to not quite $2.2 million in additional budget reductions for
Metropolitan State College of Denver in Fiscal Year 2011-12,” says President
Stephen Jordan, who also cautions that the College could face additional
reductions based on upcoming revenue forecasts.
As reported in the Feb. 7 @Metro,
Jordan believes that by using the financial
accountability plan and the tuition increase it
contains, the College will be able to manage the reductions as planned, “but we
recognize that the budget reductions will still place additional hardships on
our employees.”
Understanding the budget constraints the entire state is facing, Jordan
says, “We appreciate the collaboration between the Office of the Governor and
Colorado higher education institutions.” He added that the appointment of Lt.
Gov. Joe Garcia as executive director of the Department of Higher Education
“demonstrates the willingness of the office to fully consider the unique
demands of all higher education institutions in the state, and the role we each
fill in educating Colorado’s workforce.”
The entire budget proposal is available at the governor’s Office
of Planning and Budgeting website.
The next state revenue forecast is scheduled for March 20. The budget for the FY 2011-12 is
expected to be finalized on April
15, 2011.
Watch @Metro for additional details about Metro State’s budget cuts as they
become available.
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