UNCG Budget Central

General Fund Revenue Report & Economic Outlook November 2011

The General Fund Revenue and Economic Outlook Report for November 2011 developed by the Fiscal Research Division of the General Assembly can be seen here.  This report is a monthly update provided by the General Assembly’s Fiscal Research Division that summarizes revenue for the current fiscal year and outlines the risks to revenue receipts for the current year.  

Through October, tax revenue is $122 million above the forecasted revenue target for the 2011-2012 fiscal year. Caution is warranted as job growth remains stagnant. Gradual improvements are expected, yet meaningful signs of a recovery in employment may not begin to materialize for another year. 

General Fund Revenue Report & Economic Outlook 

General Fund Revenue Report & Economic Outlook September 2011

The General Fund Revenue and Economic Outlook Report developed by the Fiscal Research Division of the General Assembly can be seen here.  This report is a monthly update provided by the Fiscal Research Division that summarizes revenue for the current fiscal year, recaps the 2010-2011 fiscal year and outlines the risks to revenue receipts for the current year.  

A baseline revenue growth of 4.6% is assumed for FY 11-12 and 5.6% for FY 12-13.  Details of these revenue growth assumptions along with a summary of the General Assembly’s major budgetary actions can be found here.

General Fund Revenue Report & Economic Outlook 

NC 2011 Regular Legislative Session  Budget and Fiscal Policy Highlights

2011-12 Budget Update

To the UNCG Community:

As our campus prepares for the first day of classes on August 22, I would like to update you on the budget for the 2011-12 academic year. The 2011-12 state budget contains $414 million in net cuts to the UNC System. On July 7, the UNC Board of Governors approved budget cut allocations for all of the system’s constituent institutions. UNCG’s share of these cuts is nearly $30 million, more than 15 percent of our state appropriations.

To date, UNCG has received more than $80 million in permanent and one-time budget cuts over the last five years. On top of the cuts we have already taken, cuts of nearly $30 million will have a significant impact on our students, faculty and staff. Since receiving UNCG’s allocation, the Provost, Vice Chancellors and I have been working with division leaders to revisit preliminary reduction plans and implement cuts based on the university’s budget principles.

Implementation of previous budget reductions targeted cuts to administration and protected the academic core. However, the latest budget reductions require cuts across the university, including Academic Affairs. Pending approval from UNC General Administration, roughly 200 positions will be eliminated, including approximately 157 faculty and 46 staff positions. Approximately half of the eliminated positions were held vacant earlier this year to help reduce the number of filled positions lost. These cuts are real, they are painful and they impact us all. Supporting one another will be more important than ever, especially those whose positions are impacted by budget reductions.

Our students will feel the significant impact of this year’s budget cuts. Although the Provost and Deans allocated resources generated by the campus-based tuition increase approved this year to hire instructors, UNCG will suffer the loss of over 40,000 seats and 975 course sections; remaining class sizes will be increased. To address this loss of sections and seats, the Provost has worked with the Deans Council to identify and protect the most crucial courses to keep students on track for graduation, and a temporary course substitution policy was approved for students whose graduation might otherwise be delayed. Read More

Update to FAQs Posed by Students

The list of frequently asked questions-and their answers-posed by students has been updated. The updated FAQs include answers to questions about course registration, graduate assistantships, financial aid and tuition. If you have any further questions, please do not hesitate to email them to: budgets@uncg.edu.

Chancellor Brady’s 2011-2012 Budget Update

To the UNCG Community:

As we begin a new fiscal year and the start of the 2011-12 academic year approaches, I would like to update you on the budget that will guide our upcoming year. I am sure you have read the news about the significant cuts across state government included in the 2011-12 state budget. The budget contains $414 million in net cuts to the UNC System. While we all had hoped that deep cuts to the university system could be avoided, our legislators faced significant challenges in developing a balanced budget in one of the most difficult economic times North Carolina has ever seen.

Although the UNC System budget cuts are considerably less than those found in earlier versions of the budget, they are significant and present many challenges. We at UNCG must contend with cuts of more than 15 percent for the 2011-12 fiscal year. After accounting for the elimination of funding for the UNCG iSchool program, the permanent net cut from UNCG’s state-appropriated budget is nearly $30 million. With these latest reductions, UNCG will have received more than $80 million in permanent and one-time budget cuts over a five-year period. The cumulative effect of these significant budget shortfalls will undoubtedly leave a lasting impact on our ability to carry out the teaching, research and service missions of our university. In addition, stipends for our graduate students and state funding for the UNC System’s Need-based Financial Aid Program will also decline this year and will have a significant impact on our student body, given that more than 70 percent of our students depend on financial aid.

While our Vice Chancellors, Deans and I pledge to do all we can to minimize the extent to which our undergraduate and graduate students experience negative consequences as a result of the budget cuts, our campus will be significantly impacted. Cuts of 15 percent will result in the loss of a substantial number of course sections and seats in courses during a critical time of increased student demand. To address this loss of sections and seats, the Provost and the Deans will allocate resources generated by the campus-based tuition increase approved earlier this year to meet, to the greatest extent possible, the academic needs of our students. The Provost has also worked with the Deans Council to identify and protect the sections most crucial to keep students on track for graduation. This spring we also approved a temporary course substitution policy for students whose graduation might be delayed due to canceled sections. These are all examples of our efforts to mitigate the impact of budget cuts on our students’ educational progress.

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