[Important Information for Employees] Campus Context for the NYS Executive Budget

[A&F Email]

SENT ON BEHALF OF JOSEE LAROCHELLE, VICE PRESIDENT FOR ADMINISTRATION AND
FINANCE


Campus Community,

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.

There are three (3) main take-aways that we need to keep in mind:


   1.  The Governor’s NYS Executive Budget is the first step towards an
   adopted NY State budget scheduled for April 1st.
   2. The Governor presented the Executive Budget with a stipulation that
   New York State MUST receive a minimum of $6Billion in Federal
support from the
   next round of stimulus funding.
   3. 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.

*NYS Executive Budget*

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:


   - FY2019/20 Direct State Support funded at 100%
   - Direct State Support permanently reduced to 95% beginning FY2020/21
   - EOP fully funded for FY2020/21
   - TAP & Excelsior fully funded for FY2020/21
   - NYS Resident Undergraduate tuition rates increase $200/academic year
   beginning FY2021/22 through 2025



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.


   - 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.
   - 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.

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:

[image: image.png]



*Strategic College Budget Development Ahead*

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.

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.


-- 
*ADMINISTRATION AND FINANCE*
901 Kehoe Building

101 Broad Street
<https://maps.google.com/?q=101+Broad+Street+Plattsburgh,+NY+12901&entry=gmail&source=g>

Plattsburgh, NY 12901
<https://maps.google.com/?q=101+Broad+Street+Plattsburgh,+NY+12901&entry=gmail&source=g>

(o) 518-564-2130

*plattsburgh.edu <http://www.plattsburgh.edu/>*
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