Fiscal Year 2023 and 2022 Budget Update

Andrew Mangels, Vice Chancellor for Administration & Finance: Update on the budget for FY 2023:

The exceptional support from the state legislature in addition to continued strong enrollment and robust campus activities provide for an increased resource base sufficient to restore campus operations to pre-pandemic levels and make investments in critical areas to sustain and build on our success. In FY23, the campus has received an additional $23 Million (M) of state appropriation above collective bargaining costs. This increase and continued support from the state highlight the value the Commonwealth places on a strong and vibrant flagship university. In addition, strong enrollment and robust campus activities provide for an increased resource base sufficient to restore campus operations to pre-pandemic levels and make investments in critical areas to sustain and build on our success.

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