Budget system free#
You have done a tremendous job.”Ī-State Chancellor Todd Shields said progress continues on development of the College of Veterinary Medicine and that enrollment trends are ahead of last fall.ĪSU Mid-South Chancellor Debra West described plans for a “Greyhound Promise” program in Crittenden County that will guarantee free tuition starting this fall for first-time college students who have at least a 2.75 grade-point average. “Robin has been a wonderful leader and brought great things to Mountain Home,” said Welch, who was joined by trustees in paying tribute to his service. The search committee will meet next week, and he anticipates a successor being selected and announced soon. Welch said three days of interviews were completed with three chancellor candidates at ASU-Mountain Home to succeed Robin Myers, who is retiring after 11 years at ASUMH and 34 years in higher education. But he expressed gratitude that higher education in Arkansas has not experienced funding reductions like other states have. Welch noted that, unlike K-12 school districts, higher education receives no annual state funding increases for salaries, health insurance, capital projects, utilities or deferred maintenance. Tuition and fee rates will rise 6.3 percent at ASU-Beebe, 4.8 percent at ASU-Mountain Home, 4.3 percent at ASU Mid-South, 5.7 percent at ASU-Newport and 6.4 percent at ASU Three Rivers. Henderson budgeted $41.5 million, which is a decrease of $10 million or 19.4 percent compared with a year ago, with no increase in tuition and fees. Campuses reallocated funds and focused on taking care of existing employees rather than adding employees, he said, and tuition rates keep ASU System institutions “in the middle of the pack” when ranking Arkansas four-year and two-year colleges.įor FY2024, Arkansas State in Jonesboro budgeted $210.9 million, an increase of 1.7 percent compared with last year, with a 4 percent increase in annualized tuition and fees. “We have to think about the impact on students and families, but also everyone in the room because through Covid-19 we haven’t been able to reward faculty and staff.”ĭuring questions from trustees, Welch said in most cases the tuition and fee revenue increases did not cover the increased cost of minimal raises for faculty and staff. “One of the most challenging and difficult decisions that we ask trustees to make regards tuition and fees,” Welch said. Campuses kept increases below both the Consumer Price Index and Higher Education Index inflation levels, he added.
As part of this task, the Office collects, collates, analyzes,Īnd presents data relevant to the budget, including priorities and the resource requirements of the institutions and the System.BEEBE - The Arkansas State University System Board of Trustees today approved a $338.8 million budget, as well as tuition and fees, for 2023-2024 at its seven institutions.Īt a regular meeting on the ASU-Beebe campus, System President Chuck Welch noted the overall system budget is 0.4 percent lower than last year and that system institution budgets remain below pre-Covid levels. The Office of Budget Analysis coordinates with the institutions in developing and presenting the annual operating budget to the Regents, the Department of Budget and Management, and MHEC. University System of Maryland Student Council.Council of University System Presidents.Effectiveness and Efficiency Initiative.Other University System of Maryland Scholarships.
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