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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> Johnson, Dr. Glen
<br>
<b>Sent:</b> Tuesday, May 19, 2015 1:37 PM<br>
<b>Subject:</b> FY16 Budget Agreement<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" align="center" style="text-align:center">OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION<o:p></o:p></p>
<p class="MsoNormal" align="center" style="text-align:center"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<b><span style="font-size:36.0pt;letter-spacing:-3.0pt">Memo</span></b><o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b>To: <a name="to1"></a>State Regents<o:p></o:p></b></p>
<p class="MsoNormal"><b> Presidents<o:p></o:p></b></p>
<p class="MsoNormal" style="line-height:150%"><b> Legislative Network<o:p></o:p></b></p>
<p class="MsoNormal" style="line-height:150%"><b>From: </b> <a name="from">
</a>Chancellor Glen D. Johnson<o:p></o:p></p>
<p class="MsoNormal" style="line-height:150%"><b>Date: </b> <a name="datea">
</a>Tuesday, May 19, 2015<o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:-.5in;line-height:150%">
<b>Subject:</b> <a name="re"></a>FY16 Budget Agreement<o:p></o:p></p>
<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 1.0pt 0in">
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><a name="body"></a>We have been advised by legislative leadership that the Governor and the Legislature have reached an agreement on the FY’16 total state budget. The total appropriation for the state system of higher education will be
$963,412,106, with no higher education revolving funds being accessed. The higher education funding amount consists of the following:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoListParagraphCxSpFirst" style="text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="mso-list:Ignore">1.<span style="font:7.0pt "Times New Roman"">
</span></span><![endif]>Funding our debt service request of an additional $8,592,620. The additional funding represents a 16.2 percent increase in the total debt service allocation. This is the only appropriation item in the higher education budget that did
not receive a decrease. <o:p></o:p></p>
<p class="MsoListParagraphCxSpMiddle"><o:p> </o:p></p>
<p class="MsoListParagraphCxSpLast" style="text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="mso-list:Ignore">2.<span style="font:7.0pt "Times New Roman"">
</span></span><![endif]>Funding decreases of 3.5 percent (a total reduction of $32,703,799) are programmed for all other appropriation items in the higher education budget, including institutions, financial aid programs, State Regents agency operations, etc.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoListParagraphCxSpFirst" style="text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="mso-list:Ignore">3.<span style="font:7.0pt "Times New Roman"">
</span></span><![endif]>Thus, the additional $8.6 million for debt service and the reduction of 3.5 percent for all other allocations in our higher education budget results in a cumulative reduction to the state system of higher education of 2.44 percent or
$24,111,179.<o:p></o:p></p>
<p class="MsoListParagraphCxSpLast"><o:p> </o:p></p>
<p class="MsoNormal">The final agreement for higher education’s FY’16 budget reflects the hard work and perseverance each of you have shown during the 2015 legislative session. More importantly, your effective communication to the Governor and our legislative
members during these last three weeks concerning the vital importance of higher education to the State and to your respective communities has made a significant difference in this final budget agreement. Within these last three weeks, our collective efforts
in communicating with the budget negotiators reduced our budget cut from 5 percent to 3.5 percent and ensured that our debt service request is fully funded at $8.6 million.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I would like to extend my sincere appreciation and thanks to our State Regents, Governing Board Regents, Presidents, members of the Legislative Network, State Regents’ staff and members of the higher education community who have worked
diligently and cooperatively during this very difficult budget year. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks again.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Glen<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="color:black">Glen D. Johnson</span></b><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Chancellor<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Oklahoma State Regents for Higher Education<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">655 Research Parkway, Suite 200<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Oklahoma City, Oklahoma 73104<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">405.225.9122 <o:p></o:p></span></p>
<p class="MsoNormal"><a href="mailto:gjohnson@osrhe.edu">gjohnson@osrhe.edu</a><span style="color:black">
<o:p></o:p></span></p>
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