Financial Transparency

FY 2025-2026 Budget (as of April 2025)

The chart on the right shows our sources of funds: State Appropriation (49%), Tuition and Fees (47%), and Projected Deficit (4%).

FY2025-26 General Fund Operating Budget: $410 Revenue sources. State Appropriation 49%, Projected deficit 4%, student fees 6%, and tuition 41%.

Incremental Budget Plan

Our incremental budget plan refers to the amount of revenues and expenses above prior year’s amounts.  After the March 2025 implementation of Voluntary Separation Incentive Program (VSIP), an ongoing gap of $19.1M remains.

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 shows a net revenue increase of 10.0 million, driven by higher tuition and fees despite a 9.6 million drop in state funding. Expenditure rises by 4.6 million, resulting in a reduced but ongoing budget gap of 19.1 million.