A Message from the Vice President for Administration & Finance
February 1, 2022
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.
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 incoming class, the projections may be adjusted.
|Fall 2019||Fall 2020||Fall 2021||Fall 2022|
|Total Student Headcount||5,250||5,116||4,757||4,525|
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.