Setting a Context for Fiscal Year 2011 Budget Development

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Presentation transcript:

Setting a Context for Fiscal Year 2011 Budget Development Illinois Board of Higher Education October 2010

Overview Trends in higher education funding Illinois’ fiscal circumstances Budget issues the Board may want to consider in its FY 2011 recommendations

Trends in Higher Ed Funding FY 2010 state support for higher education is 3.8% higher than it was in FY 1995 after accounting for inflation. However . . . The increase in state funding has been uneven SURS has experienced real gains Public universities, community colleges (less adult ed), IBHE grants, ISAC grants, and higher ed agencies have experienced real losses since fiscal year 1995

Trends in Educational and Related Revenues At public universities, students are contributing a much larger share of educational and related revenues in FY 2010 than they were in FY 1995 Students contributed 27.2% in FY 1995, 49.0% in FY 2010* At community colleges, students and property owners are paying a larger share in FY 2009 than they were in FY 1994 Students contributed 27.4% in FY 1995, 36.0% in FY 2010* Property taxes contributed 44.2% in FY 1995 and 45.7% in FY 2010* *FY 2010 student and property tax contributions are estimates

Recent Trends in State Funding FY09 to FY10 FY02 to FY10 Public U’s $34.8M* -$109.1M CC’s (less adult ed) $6.8M* -$26.3M ISAC MAP -$187.0M -$173.4M ISAC All -$209.2M -$203.7M Grants -$3.1M -$90.5M Total (inc. other, no SURS) -$167.0M -$416.5M SURS (all state sources) $280.5M $448.4M *Change from FY09 after reserve, no change from FY09 approp.

Recent Trends in Capital Funding FY Request IBHE Rec Approp 2005 $1,380.0M $341.6M $0 2006 $1,573.3M $349.9M $130.0M 2007 $1,630.5M $481.5M $2.0M 2008 $1,782.4M $607.7M 2009 $1,972.7M $805.8M 2010 $2,302.5M $890.7M $1,638.5M

State Revenues Include Fed. Stimulus *Estimate based on March CGFA estimate and FY09 year-end revenues

Challenges Spending Pressures Lurking Problems Pension funding Medicaid Other healthcare K-12 funding Unmet needs – e.g., MAP applicants, enrollment Lurking Problems Pay back short-term borrowing in FY10 Pay down backlog of bills Lose federal stimulus funds Make pension payments from GRF ($3.5 billion borrowed in FY10 – SB 1292) Group health shortfall

Budget Recommendations and the Public Agenda Important to align the Board’s budget recommendations with the Public Agenda Tie funding recommendations to the goals of the Public Agenda Affordability Degree Attainment Institutional core capacity Funding focused on attaining specific outcomes