[Cobo] FW: Budget Reduction Scenarios

[Mauck, Sheri]

Please find important correspondence that was sent to your President yesterday afternoon.

From: Johnson, Dr. Glen
Sent: Wednesday, April 15, 2015 3:16 PM
To: Presidents
Subject: Budget Reduction Scenarios

OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION


Memo


To:                  Presidents
From:             Chancellor Glen D. Johnson
Date:               Wednesday, April 15, 2015
Subject:          Budget Reduction Scenarios


In preparation for the last weeks of the legislative session, attached is a spreadsheet that provides potential budget reduction scenarios for each of our higher education institutions.

The appropriation reduction numbers in these scenarios are based on the following assumptions:


1.      Base appropriation reductions of 2%, 3%, and 5%;

2.      Each base appropriation reduction level includes holding harmless all debt service payments from any reduction, thus increasing base appropriation reductions levels to 2.12%, 3.17% and 5.28%, respectively; and

3.      Each scenario also assumes that the appropriation request of $8.7 million for the increase in debt service related to the 2005 higher education bond issue is not funded.


We hope this information will be helpful in your discussions with your area Representatives and Senators regarding how these proposed cuts will negatively impact your institutions. We would encourage you to begin these discussions with your area legislators this weekend.

As we continue to schedule meetings with the Legislative leadership and representatives from the Governor's office in the next 10 days, our system-wide goals for the budget will be to receive:


  1.  A flat, standstill budget for FY16 with no appropriation reductions; and
  2.  The full $8.7 million required for the increase in debt service payments for the 2005 higher education bond issue.

We will keep you advised when these meetings are scheduled.

Please contact Amanda Paliotta (apaliotta at osrhe.edu<mailto:apaliotta at osrhe.edu>), Hollye Hunt (hhunt at osrhe.edu<mailto:hhunt at osrhe.edu>), or me if you have any questions.

Thank you for your continued assistance and hard work.

Glen

Glen D. Johnson
Chancellor
Oklahoma State Regents for Higher Education
655 Research Parkway, Suite 200
Oklahoma City, Oklahoma 73104
405.225.9122
gjohnson at osrhe.edu<mailto:gjohnson at osrhe.edu>

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