The City University of New York

2002-2003 State Adopted Budget

Preliminary Analysis

University Budget Office
Office of Facilities Planning, Construction and Management

May 20, 2002
(subject to revision)

Senior College Highlights

• The FY2003 State Adopted Budget for the senior colleges totals $1,037.3 billion, an increase of $3.820 million over the State Executive Budget level. The $3.820 million represents an increase of $1.060 million for full-time faculty, and $2.760 million to restore SEEK funding to its FY2000-2001 level.

Full-Time Faculty, $1.060 million
SEEK Restoration, $2.760 million
--------------------------------
Total $3.820 million

• Not yet reflected in the Adopted Budget is the State's commitment to fund from its labor reserve the Senior College costs associated with the upcoming PSC collective bargaining agreement.



• The Adopted Budget reduces State Aid to CUNY's operating budget by $4.9 million, including an increase of $3.820 million, offset by a reduction of $8.7 million. The $8.7 million represents the annual cost of senior college financial aid administration, which will be financed in FY2003 by the Higher Education Services Corporation (HESC).



• The budget increases the senior college revenue appropriation by $8.7 million, reflecting the transfer of funds from the Higher Education Services Corporation (HESC) to fund senior college financial aid administration.



• The Adopted Budget identifies new child care funding of $1.440 million for the Senior and Community Colleges ($880,000 and $560,000, respectively) to restore funding in this area to FY2000-2001 levels. Funding will not come from State Aid to CUNY but will come from the Department of Family Assistance--Office of Children and Family Services.

Community College Highlights

• State Base Aid to the Community Colleges is increased by $2.7 million, reflecting a $50 per-FTE increase.



• College Discovery funding was increased $190,000, to restore CD funding to its FY2000-2001 level.

Tuition Assistance Program

• Funding for the Tuition Assistance Program (TAP), which had been reduced by $155 million to a level of $481.4 million in the Executive Budget, has been fully restored.



• Eliminated is the performance component that deferred 1/3 of a student's TAP award until that student attained a degree-- a condition that would have required students to borrow money to finance their education through Federal loan programs.

Economic Development

• The FY2003 Adopted Budget includes a host of economic development initiatives:




• $225 million for the "Gen*NY*sis " program to foster research in the life sciences.



• $2 million for the James D. Watson Investigator program for recent Ph.D's, to encourage research at academic institutions.



• $1.5 million for a new Centers for Applied Research and Technology (CART) program for non-doctoral level colleges.



• $600 million is provided for capital projects, supporting the Governor's Empire Opportunity Fund, Centers of Excellence programs, and other programs.



• $1 billion in tax cuts is proposed over the next three years, including a College Tuition Tax credit.

Early Retirement Incentive

• The legislature passed an FY2003 Early Retirement Incentive that provides for early retirement for TRS, ERS, and TIAA/CREF members who are at least 50 years of age and with 10 years of service and a new pension enhancement for TRS and ERS members who are at least 55 years of age and with 25 years of service.

Capital

• The approved budget supports continued funding of the previously approved five-year $1 billion plan. It provides for a total of $160 million for FY 2002-2003 in major bonded projects and $5 million in minor rehabilitation projects.



• Funding is continued for new facilities at John Jay and Brooklyn Colleges, and for critical health & safety, facility preservation, and handicapped access projects throughout the University.

FY2002-2003 STATE MEMBER ITEMS (SUBJECT TO REVISION)

• Centro De Estudios Puertoriquenos/Hunter College, $50,000



• CUNY Dominican Studies Institute, $7,500



• CUNY Institute for Irish American Education, $35,000



• CUNY School of Law, $4,000



• CUNY School of Law Haywood Burns Chair, $100,000



• Medgar Evers College, $34,690



• Medgar Evers College Dr. Betty Shabazz Chair, $100,000



• Medgar Evers Center for Law and Social Justice; Jackie Robinson Center for Physical Culture; the Women's Development Center; and the Caribbean Research Center, $168,000



• Queens College Center for Jewish Studies, $12,000



• Queens College Center for Unlimited Enrichment, $3,000



• Queens College Colden Center for the Performing Arts, $2,500



• Queens College Center for Worker Education, $291,000



• Queensborough Community College, $14,000

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