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

[Administration & Finance]

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
and the College’s budget process for this upcoming fiscal year 2022/23
(“FY2022/2023”).

NYS Executive Budget

The Governor’s Executive Budget advances a once-in-a-generation investment
to rebuild New York and is very supportive of Higher Education and SUNY’s
importance to the State’s future.

Governor Hochul released the New York State Executive Budget on January 18,
2022.  Highlights from the Executive Budget that have a direct impact on
SUNY and SUNY Plattsburgh are as follows:

   -

   Full support of all funding provided in the FY2021/22 Enacted Budget.
   -

   Support for the hiring of additionally full-time faculty at
   State-operated campuses and Community Colleges ($53M)
   -

   Elimination of the “TAP Gap" effective FY2022/23.  This accelerates the
   previous TAP Gap elimination program.
   -

   $10.8M in new, one-time support for the expansion of Child Care Centers
   across SUNY
   -

   Approximately 10% increase in Opportunity Programs
   -

   Continued investment of Capital funding for SUNY ($550M critical
   maintenance) and $425M in new flexible capital funding


While the Executive Budget provided good news for higher education in New
York and SUNY Plattsburgh, it is important to highlight that the Executive
Budget is step one of many steps to get to a finalized budget by April 1,
2022, as shown in the timeline below:




College Budget Development Ahead

Campus leadership is continuing our progress on our Financial Stability
Plan.  As previously communicated to campus, FY2022/23 will include a 7%
reduction of our State Operating Fund.  Vice Presidents will work within
their divisions on how best to achieve these reductions.  Additionally,
College leadership will be discussing how to align our emerging Plattsburgh
Next Strategic Plan with our budget development process.

As enrollment projections are critical to our budget process, below find
our initial Fall 2022 projections.  Keep in mind that these projections are
based upon information available today and as we gain more information
regarding our in-coming class, the projections may be adjusted.

Fall 2019

Fall 2020

Fall 2021

Fall 2022

Continuing Students

3610

3507

3195

2911

New Students

1640

1609

1562

1614

Total Student Headcount

5250

5116

4757

4525


Formal kick-off of our State Operating Fund, Dormitory Fund, Income Fund
Reimbursement Fund, and Broad Based Fees will begin this week.

As discussions continue and the College gains greater insight from SUNY on
the NYS budget, we will share more updates.
Best,
Josee
*ADMINISTRATION AND FINANCE*
Kehoe Building

101 Broad Street

Plattsburgh, NY 12901
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://ls.plattsburgh.edu/pipermail/critical-employees/attachments/20220201/876ca675/attachment.htm>