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May 27, 2016 - State Regents Receive Funding for Oklahoma Colleges, Universities  RSS feed

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The Oklahoma State Regents for Higher Education approved today $810 million in state appropriations for the state system of higher education for FY 2017, contingent on final approval by Gov. Mary Fallin. This represents a $153.4 million or 15.92 percent decrease from the FY 2016 appropriation.

"While we clearly recognize the challenges in this extremely difficult budget year, we are disappointed in the FY 2017 budget allocation for higher education,” said Chancellor Glen D. Johnson. “Budget cuts made during this fiscal year have already negatively impacted higher education’s academic mission and students, and adequate resources are necessary to produce the additional degrees required to meet Oklahoma’s job and workforce needs. As we move forward, the State Regents and our 25 public colleges and universities will continue our efforts to provide Oklahoma students a quality higher education product at an affordable cost."

For state colleges and universities, the next step in the budget process is to formulate their operating budgets for FY 2017. These proposed operating budgets and recommended tuition rates will be presented to the State Regents at their June 29 meeting and voted on at the June 30 meeting.