2021-22 Executive Budget Impact on UAlbany: Table of Contents
The following items related to SUNY State-operated campuses were included in this year’s Executive budget:
- No change year over year to Tuition Revenue Spending Authority.
- A continuation and extension of the Maintenance of Effort (MOE) and the Predictable Tuition Plan through 2024-25, with some additional flexibility in setting tuition rate categories for Doctoral Degree Granting institutions and for specific High Demand certificate programs.
- Full support of State-operated campus employee benefits and bonded capital debt service costs (exclusive of campus supported NYSUNY 2020 bonded appropriations).
- A continuation of $18 million for the Investment and Performance Fund based on a methodology approved by the Chancellor and the Board of Trustees.
- Amends the calculation of the Excelsior Scholarship aid amount by extending AY 2016-17 levels for an additional two years (through 2022-23) and providing that after such period, the levels would reset annually thereafter to existing rates.
- Implements legislation to hold harmless students who were unable to complete academic requirements needed to maintain financial aid eligibility because their enrollment was disrupted by the pandemic.
The Executive Budget recommends $550 million in critical maintenance funding, which is the same amount that was provided in last year’s Enacted Budget. Of the $550 million, $153.4 million would be allocated for State-operated/statutory campuses (UAlbany’s share is $9.63 million) and $396.6 million in a lump sum for priority critical maintenance projects. While the allocation is yet to be determined, priority will be given to projects that address life and safety concerns, core infrastructure in need of replacement and upgrading buildings and infrastructure to meet current codes and regulations, such as ADA.