Friday, September 26, 2008
Kansas Board of Regents 2010 higher education budget request for state funds
Student Financial Assistance
2009 amount: $25,297,041
2010 3 percent increase requested: $747,697
Other Postsecondary Education Programs
2009 amount: $9,258,971
2010 0.1 percent increase requested: $5,000
Office Operations
2009 amount: $40,715,318
2010 1.8 percent increase requested: $752,697
Grand Total: $847,540,677
Fiscal 2010 3.9 percent increase: $33,025,711
— Source: The Kansas Board of Regents
The Regents recommended the funding increase on Sept. 17 so they could continue to provide the same quality of education, services and amount of financial aid to students as it did this year.
Three percent of the funding request was designated to fund state student financial assistance. Last year, the state spent $25,297,041 on student financial aid. The 2010 increase would increase that budget by $747,697. Without that, the Regents might not be able to provide the same amount of funding to state universities and colleges.
If the University experienced a decrease in funding, there could be a decrease in the amount of funding it was able to provide to students, teachers and researchers.
Zach Zarda, Shawnee freshman, received a $4,500-per-year Summerfield scholarship and said that’s why he chose the University rather than Baylor University. He said the academic scholarship made the cost of attending the University less than Baylor, even though Baylor offered him an academic and athletic scholarship.
“It made a big impact because they were offering more, but it was still cheaper to come here because of the academic scholarship KU gave me,” Zarda said.
Lynn Bretz, director of University communications, said the University would not know if it would receive the state funding until January when the state legislature meets.
Bretz said if state budget projections, scheduled to be made in November, estimated state revenue to be low, there would be a much larger chance of budget cuts in the state legislature this January.
Joe Sicilian, associate professor of economics, is a member of the consensus estimating group, which projects what the state’s revenue will be based on taxes and other payments the state receives. Sicilian said the uncertainty about the state’s economy during the next few years was influenced by concern about the national economy.
“That implies uncertainty about what tax revenues will be,” Sicilian said.
The Regents’ request for the bump up in state funding came a few weeks after Gov. Kathleen Sebelius asked the Regents to find ways to lower its budget by the next fiscal year, which starts July 1, 2009.
Bretz said the Regents recommended the increase in funding to continue its current operations. The universities and colleges in Kansas would have to find other ways to compensate for the effect of inflation if the Regents didn’t receive more funding, she said.
— — Edited by Kelsey Hayes
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