<div dir="ltr"><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><b></b></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif">SENT ON BEHALF OF JOSEE LAROCHELLE, VICE PRESIDENT FOR ADMINISTRATION AND FINANCE </p><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><br></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif">Campus Community,</p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif">I am writing to provide an update on the New York State’s
Executive Budget proposal and the potential impacts to the College. The Governor’s Executive Budget contains some
positive news. The New York State (NYS)
financial deficit has improved from a $16 billion deficit to $15 billion and
the reduction imposed to all State Agencies has been identified as a 5% cut for
FY 2021/22. </p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif">There are three (3) main take-aways that we need to keep in
mind:</p><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"></p><ol><li><span style="font-size:11pt"><span style="font-variant-numeric:normal;font-variant-east-asian:normal;font-stretch:normal;font-size:7pt;line-height:normal;font-family:"Times New Roman""> </span></span><span style="font-size:11pt">The Governor’s NYS Executive Budget is the
first step towards an adopted NY State budget scheduled for April 1st.</span></li><li>The
Governor presented the Executive Budget with a stipulation that New York State
MUST receive a minimum of $6Billion in Federal support from <span style="font-size:11pt">the next round of stimulus funding.</span></li><li>As communicated on January 4th (Campus Context
for Federal Stimulus and State Budget), SUNY Plattsburgh will be receiving
$8.7million from the Federal government.
This funding is broken down into two categories, $2.6million for student
grants and $5.7million for institutional costs.</li></ol><p></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><b>NYS Executive Budget</b></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif">Governor Cuomo released the New York State Executive Budget
on January 19, 2021. Highlights from the
Executive Budget that have a direct impact on SUNY Plattsburgh are as
follows: </p><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"></p><ul><li><span style="font-size:11pt">FY2019/20 Direct State Support funded at 100%</span></li><li>Direct State Support permanently reduced to 95% beginning
FY2020<span style="font-size:11pt">/21</span></li><li>EOP fully funded for FY2020<span style="font-size:11pt">/21</span></li><li>TAP & Excelsior fully funded for FY2020<span style="font-size:11pt">/21</span></li><li>NYS Resident Undergraduate tuition rates increase $200/academic
year beginning FY2021<span style="font-family:Calibri,sans-serif;font-size:11pt">/22 through 2025</span></li></ul>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"> </p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif">While the Executive Budget provided good news for
higher education in New York and SUNY Plattsburgh, there are elements within
the plan that require caution as we strive to develop a balanced budget for
FY2021/22 and beyond.</p><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"></p><ul><li><span style="font-size:11pt">Embedded in the Governor's Executive Budget
proposal, is the requirement for the State to receive $6B in Federal
support. The current estimated NY State deficit is $15B which would
require greater reductions to state agencies should the State not receive the minimum
of $6B in Federal support. As you are aware, the current $1.9T Federal
Stimulus package that is under discussion has hurdles to cross before States
are provided any relief due to the pandemic.
If Federal funding provided to NYS exceeds $6B, State Tax withholdings
could be partially or fully restored; if Federal funding provided to NYS is
less than $6B, reductions in State Tax support could revert to prior expected
levels or greater.</span></li><li>The
predictable tuition plan, which authorizes up to $200 per year increase in
resident undergraduate tuition, effective 2021/22 through 2025, included in the
Executive Budget is one specific area that may have difficulty receiving
approval by the legislation. The cost of education is a concern of both
legislators and SUNY Board of Trustees and is likely to be the first item
removed.</li></ul>
<p class="MsoNormal" style="line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 8pt;font-size:11pt;font-family:Calibri,sans-serif">It is important to highlight
that the Executive Budget is step one of many steps to get to a finalized
budget by April 1, 2021, as shown in the timeline below: </p><p class="MsoNormal" style="line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 8pt;font-size:11pt;font-family:Calibri,sans-serif"><img width="0" height="0" style="font-size: 11pt; margin-right: 0px;"></p><img src="cid:ii_kkfmhcw90" alt="image.png" width="541" height="303"><br><p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><b></b></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"> </p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><b>Strategic College
Budget Development Ahead</b></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif">Campus leadership is continuing to discuss how to align our
emerging strategic planning efforts and our budget development process. As discussions continue and the College gains
greater insight from SUNY on the NYS budget, we will share more updates.</p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif">At this point, it is abundantly clear that the level of
Federal Stimulus Funding that NYS receives will have a substantial impact on
the level of funding reductions experienced by SUNY Plattsburgh.</p><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><font face="arial, sans-serif"><b><span>ADMINISTRATION</span> AND FINANCE</b></font></div><div>901 Kehoe Building<br></div><p style="font-size:12.8px;margin:0px;line-height:normal;font-family:Arial"><span style="color:rgb(0,0,0)"><font size="2"><a href="https://maps.google.com/?q=101+Broad+Street+Plattsburgh,+NY+12901&entry=gmail&source=g" style="color:rgb(17,85,204)" target="_blank">101 Broad Street</a></font></span></p><p style="font-size:12.8px;margin:0px;line-height:normal;font-family:Arial"><span style="color:rgb(0,0,0)"><font size="2"><a href="https://maps.google.com/?q=101+Broad+Street+Plattsburgh,+NY+12901&entry=gmail&source=g" style="color:rgb(17,85,204)" target="_blank">Plattsburgh, NY 12901</a></font></span></p><p style="font-size:12.8px;color:rgb(0,0,0);margin:0px;line-height:normal;font-family:Arial"><font size="2">(o) 518-564-2130</font></p><p style="font-size:12.8px;color:rgb(0,0,0);margin:0px;line-height:normal;font-family:Arial"><b style="font-size:12.8px"><font size="2"><a href="http://www.plattsburgh.edu/" style="color:rgb(17,85,204)" target="_blank">plattsburgh.edu</a></font></b><br></p><p style="font-size:12.8px;color:rgb(0,0,0);margin:0px;line-height:normal;font-family:Arial"><br><img src="https://web.plattsburgh.edu/files/914/images/SUNY-Plattsburgh-Email-Logo-2018.jpg" width="200" height="40" style="font-weight:700"></p></div></div></div>