The city adopted a budget in a timely manner for the upcoming fiscal year. The University provides an analysis. It should end up here, but not yet. It can be found here.
Highlights:
There was a fiscal year 2020 (FY20) adjustment to the monies allocated to the CCs. These include reductions to the CUNY Tutor Corps (2M), the College Visits program (0.9M), and contract spending (1M). (The analysis is relative to the Mayor's executive budget; this budget had mid-year reductions. For the CCs, there was a 13M reduction in reserves in the Q3 report, up from an anticipate 5M reduction.)
For next year, FY21, the college bumps overall funding from 459.9M to 464.6M (1.02%). (511M was requested)
Changes include
an additional 25.3M in efficiencies (totaling 46.3M for FY21).
13.5M in collective bargaining increases
11.5M in fringe benefits
4.4 for building rentals
At one time, ASAP was to be deffered (to save 54.3M). There was some restitution, 34.3K direct funding restoration to the program and a 20M increase to the University’s target for savings efficiencies.
Several items that are threatened but were supported include: Vallone Scholarships (16M), 1M for food insecurity programs, 2.3M for CUNY research institutes, 3M for Citizenship now, 1.2M for new technology...
The 5-year adopted capital budget include 636.7M in city funding
There is 43.9M in Reso A funding for FY21. (Borough President funding of projects)
The state budget picture is still very uncertain. Around April 1, the state adopted a budget. CUNY's position then looked similar to the year before (increases of around 2% when expenditures increased around 5%).
However, this budget had 3 stop out points (4/30, 6/30, 12/31). Around April 30, the state announced it would likely trim back 8.2B from state agencies of which CUNY is a part (~10%) provided no additional federal funding was forthcoming. On June 30, no new adjustments were made.
However, State Comptroller Thomas DiNapoli reported recently that tax receipts in June fell 475M below the Cuomo administration pandemic-revised forecast.
The state seems to be waiting for the federal government to decide if it will add significant additional funds in a HEROES or new CARES act before committing. According to reporting at www.thecity.nyc) a state budget is not expected until September. (Ned will discuss how the university is handling the lack of year-long budget in a budget year that began July 1.)
In the University Budget request, the university requested increased tuition at the senior colleges by $100 per semester, as it has done for the past several years under the "predictable" tuition policy. This year the university also requested the same increase for community college students, which hasn't been the case of late. These increases project to an additional 36M and 16M in resources.
In addition, a $60/semester wellness fee was proposed.
CUNY was given authority to impose these costs by the state, but both are pending board approval. In the normal order, these two increases would have been voted on in June. Neither vote occurred. Whether a vote will finally happen and if it were to happen, whether either would pass is currently uncertain.