Financial Transparency

FY 2025-2026 Budget (as of May 2025)

The chart on the right shows our sources of funds: State Appropriation (51%), Tuition and Fees (47%), and Projected Deficit (2%).

FY2025-26 General Fund Operating budget: $421M Revenue Sources. State Appropriation 51%, Projected deficit 2%, 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 $7.8M remains.

The FY25-26 Budget is preliminary and is based on the Governor’s May Revision 2025 budget proposal.

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

The table shows a strong net revenue increase of 21.3 million, driven by gains in tuition, fees, and a small rise in state funding. With expenditures increasing by 4.6 million, the budget gap is significantly reduced to a recurring shortfall of 7.8 million.