Financial Transparency

FY 2025-2026 Budget (as of January 2025)

The chart on the right shows our sources of funds: State Appropriation (46%), Tuition and Fees (45%), and Projected Deficit (9%).

FY2025-26 General Fund Operating Budget: $403M Revenue Sources. State Appropriation 46%, Projected Deficit 9%, Student Fees 6%, Tuition 39%.

Incremental Budget Plan

Our incremental budget plan refers to the amount of revenues and expenses above prior year’s amounts. Before accounting for average savings such as employee turnover, we show a $37.9M funding gap. The FY25-26 Budget is preliminary and is based on the Governor’s January 2025 budget proposal.

View the paragraph below to find more information on the breakdown of the Incremental Budget Plan

The table summarizes financial changes, showing a small net revenue increase of 3.4 million despite a significant drop in state funding, offset by higher tuition and fees. Meanwhile, expenditures rise by 16.7 million, creating a total funding gap of 37.9 million that must be covered by other sources.