Transcript Illinois Board of Higher Education October 2010  Trends in higher education funding  Illinois’ fiscal circumstances  Budget issues the Board may want.

Illinois Board of Higher Education
October 2010
1
 Trends
in higher education funding
 Illinois’ fiscal circumstances
 Budget issues the Board may want to
consider in its FY 2012 recommendations
2
 FY
2011 state support for higher
education is 10.6% higher than it was in
FY 1996 after accounting for inflation.
However . . .
 The increase in state funding has been
uneven
• SURS has experienced real gains
• Public universities, community colleges (less
adult ed), IBHE grants, ISAC grants, and higher
ed agencies have experienced REAL LOSSES
since fiscal year 1996
3
 At
public universities, students are
contributing a much larger share of
educational and related revenues in FY 2011
than they were in FY 1996
• Students contributed 27.3% in FY 1996, 52.9% in FY
2011*
 At
community colleges, students are paying a
larger share in FY 2011 than they were in FY
1996.
• Students contributed 27.9% in FY 1996, 40.0% in FY
2011*
*FY 2011 student contributions are estimates
4
FY10 to FY11
FY06 to FY11
Public U’s
-$85.3M
$2.2M
CC’s (less adult ed)
-$13.0M
$6.9M
$5.4M
$50.0M
-$9.0M
$25.7M
$3.1M
-$31.7M
-$104.2M
$9.3M
$145.6M
$762.2M
ISAC MAP
ISAC All
Grants
Total (inc. other, no SURS)
SURS (all state sources)
5
FY
Request
IBHE Rec
Approp
2006
$1,573.3M
$349.9M
$130.0M
2007
$1,630.5M
$481.5M
$2.0M
2008
$1,782.4M
$607.7M
$0
2009
$1,972.7M
$805.8M
$0
2010
$2,302.5M
$890.7M
$1,638.5M
2011
$1,941.1M
+
$0
+ In FY11, IBHE recommended authorization & release of funds appropriated in FY10
6
Include Fed. Stimulus
*Estimate based on March CGFA estimate and FY10 year-end revenues
7
 Spending
Pressures
• Pension funding
• Medicaid
• Other healthcare
• K-12 funding
• Unmet needs – e.g., MAP applicants, enrollment
• Backlog of unpaid bills
8

Align the Board’s budget recommendations with the goals of the
Illinois Public Agenda
• Increase ed attainment and close the achievement gap
• Improve affordability
• Increase degrees and connect to economy


• Integrate innovation assets
Institutional core capacity
Funding focused on attaining specific outcomes:
• More quality degrees and certificates
• More successful transfer
• More research spending
• More STEM and Healthcare degrees
• More returning adults completing a credential

Awaiting final report and recommendations from the Higher
Education Finance Study Commission
9