2009 Legislative Agenda (cont.)
FY 2010 Legislative Agenda
As more Oklahoma families are faced with an increasingly uncertain economic future, it is essential that we help Oklahomans afford college degrees and assure the future prosperity of our state.
In addition, the funding request will cover mandatory costs and other operational needs, the State Regents are requesting new funds which will have a profound impact on instructional quality and affordability.
Additional funding to operational budgets of institutions in FY 2010 is necessary to cover the mandatory increases in operational expenses and help the state bear the increased costs without passing them on to students.
FY 2010 Appropriations Request
1. Competitiveness and Economic Development
- Support for current operating obligations: $80,400,000
- Annualization of endowed chairs FY09 debt service: $4,900,000
2. Removal of Financial Barriers
- Academic Scholars: $400,000
- Concurrent enrollment: $625,000
- Reach Higher program: $200,000
- Cooperative alliance fee waivers: $100,000
- Regional University Baccalaureate Scholarships: $50,000
3. Office of Accountability: $199,880
Total New FY 2010 Funds: $86,874,880
Total FY 2010 Appropriation: $1,126,761,160
Percent Difference From FY 2009 Appropriation: +8.35%
Total With Oklahoma's Promise Allocation ($54m): $1,180,761,160
- For every $1 spent on higher education, an additional $5.15 is pumped into the state’s economy.
- During 2006-07, public institutions granted an all-time high of 29,519 certificates and degrees, a 26% increase since 2000.
- Oklahoma ranks 13th in the country for growth in college degrees.
- Oklahoma ranks 10th in the nation in the percentage of the state’s population enrolled in public higher education.
Oklahoma State Regents for Higher Education
Glen D. Johnson, Chancellor
Hollye Hunt, Assistant Vice Chancellor for Governmental Relations