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$$ Projections $$General Revenue
Fiscal Year Growth Rate• 2011‐12 6.4%• 2012‐13 7.2%• 2013-14 6.2%• 2014-15 4.8%
2011 HOT TOPICS• Medicaid Reform• Election Reform• Supreme Court Overhaul• State Employee Benefits
– (Retirement, Health, Union Dues)
• Growth Management• Corporate Tax Cuts• Government Reorganization• Gun Bills• Abortion• Immigration• Reapportionment• Constitutional Amendments
The FY 2010-11 STATE BUDGETOVERVIEW
$69.7B State Budget – May 7$69.1 B State Budget-May 26
Federal Stimulus Funds: $-0-$528 M Trust Fund SweepsEducation Cuts: -$2.6 B$2.2 B in Reserves
Other, $725.3
Public Schools, $8,813.2
Early
Learn-ing, $384.8
State Colleges, $1,027.6
SUS $1,992.4
•STATE OPERATING BUDGET - $24 B •EDUCATION OPERATING BUDGET - $12.9 B
54%15%
Education Receives 54% of the State General Revenue/Lottery
Funds
The FY 2011-12 STATE BUDGETHIGHER EDUCATION $6.8 Billion
State University System: -5.7%
Florida College System: -1.3%
Private Colleges & Universities -6.3%FRAG: -3.7% (-$41/award)ABLE Grants: -40.3% (-$104/award)
Student Financial Aid: -
15.1%
2011-12 BUDGET PROVISO
Facilities Utilization Study: Jan 15, 2012
State Employee Fee Waivers
Bar Dues
Governor’s VetoesAll University Infrastructure – except:
FSU, UWF, FIU, FGCU & NCF
All University Projects – except:USF Polytechnic New Campus $35 million
*****************Arthropod Research Lab – FAMUNeuromusculoskeletal Research – USF-HSC
Economic Gardening Project - UCF
8% BASE TUITION INCREASE
SUS:Increases caps for: – A&S, Health, Athletic (40% of Tuition),
Technology Fee (5%)
– Financial Aid Fee (5%)
• 7% Differential for BOTs (already assumed by the Legislature)
• Existing Law Allows Up To 15% for Resident Graduate, Professional and All Levels of Out-of-State (1009.24)
HB 7151
•Higher Education Coordinating Council• “Rules-to-Regs”• Lost/Abandoned Property–(s. 705.18, F.S.)
• Repeal of University Concurrency Trust Fund
SB 2150• Administrative Salaries• Major Gifts• Excess Hours• Flexibility for the 30% financial
aid set-aside of Differential Tuition
• UF Spring/Summer Enrollment Pilot
• Bright Futures
2011 Changes to Bright Futures
• SAT / ACT Scores• Community Service
Hours• Home Schoolers• Accelerated Hours• FAFSA
State Employee Pension Reform
• Contributions – 3% (Pre tax)• COLA - suspended• DROP - interest accrual rate
*****************• Average Final Compensation• Vesting – tighter• Retirement Age - older
WHAT DIED?State Health Insurance OverhaulGuns on CampusDiscontinuing TenureEliminate HSSO’sEliminate BOG DSOProfessional Deregulation“Must Accept” AP Exam Score$142.9 Million of Base Budget to be
Used to Support Upper Level STEM courses & require $ for $ match from Foundation