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Suny Budget

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Last Updated: 18 January 2022

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General | Latest Info

For months, state finances teetered on edge as Cuomo Administration attempts to keep New Yorks budget in balance while hoping for bailout from Congress. Bulk Of Administrations Hopes Hinge On Two Tactics: One, Borrowing To Ensure That Revenues Cover Expenses; And Two, Withholding Payments To Government Agencies And Non-profit Service Providers To Keep Expenses Down. Administration Withholds Funding Instead Of Cutting Programs While Waiting For Federal Stimulus Deal To Fill Up State Coffers. This second strategy has been in place for half year now and withholds are taking their toll. For example, last week coalition of over 150 student, faculty, and community groups representing public and independent institutions from across State delivered letter to Governor Cuomo and State legislative leaders calling on them to increase State revenue-instead of cuts or withholds-to support public and independent colleges and to strengthen Financial aid and opportunity programs. Colleges and universities in New York have been hit hard by administration's withholds approach. Higher education programs took biggest hit in first fiscal quarter of any category of spending with over 400 million withheld in April-June period. All tell, State withhold 2. 2 billion from services and programs. Groups cite example of impact of Administrations approach-City University of New York has been forced to lay off nearly 3 000 adjunct teachers. As part of COVID legislative package, Governor received massive expansion of his already powerful executive powers, allowing him to unilaterally suspend specific provisions of any law of any agency. Month Later, In State Budget Agreement, Those Powers Were Further Expanded To Allow Governor To Slash Funds As He Saw Fit. In both cases, Legislature retain power to overturn governors ' decisions retroactively-power which they have not yet used In seven months since onset of pandemic, in addition to billions of dollars withheld from public programs, Governor issued more than 70 executive orders, covering wide range of issues. With higher education taking real financial beating from governors ' decision to withhold hundreds of millions of dollars from New Yorks system of colleges and universities, groups were arguing for restoration and freeze on budget cuts. Groups argue that higher education is state investment in its future and cuts harm state civic life and damage future economy. They argue that financial assistance is way in which many low-income, working college students can afford college degree. And it is these students who come from families that often include essential workers, those who have had to endure hardships and health threats from COVID to keep state economy moving. It would be unfair to then make it harder for them to access college degree. Therefore, groups urge that any State action to address New Yorks budget crisis meet following goals: state should enhance its support for public colleges and universities.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

2020-21 Executive Budget Testimony

In April 2017, Legislature approved Governor Cuomo's proposal to establish Excelsior Scholarship Program, which promises to eliminate SUNY and CUNY Tuition for undergraduates from State resident households with gross annual incomes up to 125 000. In legislation submitted with FY 2021 Executive Budget, Governor Cuomo proposed raising that gross annual income threshold to 135 000 in 2020-21, and to 150 000 in 2021-22, at total additional cost of 35 million. Proposed Increase In Excelsior Scholarship Income Cap Would Build On Program That Was Fundamentally Flaw, Wasteful And Unfair To Begin With. Legislature Should Reject This Proposal, And Instead Begin Phasing Out Excelsior Scholarship Program, Accepting No New Applicants After This Year. Entire Proposed 146 Million Budget Allocation For Excelsior Ultimately Should Be Redirected To Fund Expansion Of Means-test Tuition Assistance Program. As of 2019-20, Excelsior Scholarships have been awarded to 30 000 or less than 5 percent of total SUNY and CUNY undergraduate enrollment. But principal fault of Excelsior Scholarships Program is not its failure to deliver on promise of free college. Even if State could afford multi-billion dollar cost of such entitlement, elimination of public college tuition would be highly debatable policy priority on grounds of equity and efficiency. Exaggerated promises and flawed aside, Excelsior Scholarship Program is objectionable on three grounds. Excelsior is last-dollar addition to other State-funded and institutional aid programs, which already eliminate or significantly reduce tuition for hundreds of thousands of lower-income students in New York. But in contrast to those programs, net value of Excelsior Scholarship increases with gross income of recipients ' tax-filing householdregardless of family size, living expenses, or marital statusbefore abruptly dropping to zero once income tops 125 000. Many students currently qualifying for maximum Excelsior award of 6 470 could no doubt afford to pay New York's relatively low public college tuition rates without any added subsidy. Raising income cap to 150 000—into top income quintile of New York households—would simply offer generous tuition break to even more students who clearly don't need help. Eligibility for Excelsior requires minimum of 12 credits per semester and full course load of 30 credits year, which cannot be fully confirmed by campus financial aid offices until year has end. Excelsior winners also are required to sign contract stipulating that, after graduation, they will live and work in New York State for as many years as they receive scholarship. Those who fail to meet residency and workplace requirements will have their grants converted into interest-free 10-year loansa, claw-back provision will be difficult to enforce. New York is home to nation's largest combination of public and private colleges. Among New York residents aiming for four-year degrees, more than 40 percent initially enroll in private institutions located in State, which award more baccalaureate degrees than SUNY and CUNY combine.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Office of Finance and Budget

State Purpose Budget Is Colleges ' Main, And Largest, Budget. It encompasses central functions of college including Academic Affairs and operations of Colleges divisions including Office of President, Administration and Finance, College Advancement, Enrollment Services, Provosts Office, and Student and Campus Life. Operation and maintenance costs of Academic buildings and grounds are also provided for in State Purpose Budget. Revenue supporting State Purpose Budget is derived from tuition, fees and State Taxpayer support. Geneseos Income Fund Reimbursable Budget Supports Number Of Student And Campus Services And Enhancements, Including: Student Health Services, Intramural And Inter-collegiate Athletics, Transportation And Technology. IFR Budget Also Provides Additional Support For Acquisition Of Library Materials And Infrastructure Improvements. College utility bills are also supplemented by IFR Budget. Funding for IFR Budget is derived from schedule of fees and charges. College Is Responsible For Fringe Benefit Charges Associated With Operations Of Various IFR Accounts. Dormitory Income Fund Reimbursable Budget Provides For Operation And Maintenance Of Colleges ' Dormitories. Utility, debt service, State Dormitory Authority overhead and insurance and fringe benefit costs associated with operation of residence halls are included along with for cable television, telephones and internet service. Room rent is primary source of DIFR revenue. State University Tuition Reimbursement Account Budget Supports Geneseos Summer Session And Overseas Academic Program. This Budget also additional support for library acquisitions and projects. SUTRA revenue comes from tuition and fees stabilization allocations are funds from prior years that are for specific, non-personal services purposes.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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