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<p class="MsoNormal">Business Officers, please find the correspondence below shared this morning with your Presidents on the FY26 Budget Agreement with the Governor and Legislature. This information will be helpful as you complete your tentative Tuition Proposal
worksheet due back to us by May 21<sup>st</sup>.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Also, as we continue work on the deferred maintenance request it is important that you forward your third quarter report on the current (FY25) capital projects funded for deferred maintenance. Please complete those reports and send to
Mark as quickly as possible. We are responding to direct inquiries from the legislature and need your institutions reports for current information. Send to Mark Tygret @
<a href="mailto:mtygret@osrhe.edu">mtygret@osrhe.edu</a> <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Please let us know if you have questions. Thank you for your attention and response as we move into the final weeks of the session.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b>From:</b> Smith, Kylie <ksmith@osrhe.edu> <br>
<b>Sent:</b> Thursday, May 15, 2025 8:52 AM<br>
<b>To:</b> Presidents <pres@osrhe.edu><br>
<b>Cc:</b> Burrage, Sean <Sburrage@osrhe.edu>; Beauchamp, Stephanie <sbeauchamp@osrhe.edu>; Caddell, Angela <acaddell@osrhe.edu>; Jobe, Jarrett <jjobe@osrhe.edu>; Mauck, Sheri <smauck@osrhe.edu>; Smith, Kylie <ksmith@osrhe.edu>; Tygret, Mark <mtygret@osrhe.edu>;
Turner, Chris <cturner@osrhe.edu><br>
<b>Subject:</b> FY26 Budget Agreement – Higher Education Funding Overview<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="xmsonormal"><a name="x__Hlk35340514">Good morning Presidents,</a><o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">Yesterday afternoon, Governor Stitt and legislative leaders announced that an agreement had been reached for the FY26 budget, which includes a 0.25% income tax cut.
<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">For FY26, higher education is slated to receive a base appropriation of
<b>$1,023,746,221</b>, which includes the $12.5 million in one-time funds originally allocated in FY25 for property insurance premiums. In addition to the base, higher education will receive:<o:p></o:p></p>
<ul style="margin-top:0in" type="disc">
<li class="xmsonormal" style="mso-list:l0 level1 lfo3"><b>$2,000,000</b> for the Rising Scholars Award scholarship program (HB1282)<o:p></o:p></li><li class="xmsonormal" style="mso-list:l0 level1 lfo3"><b>$3,000,000</b> for the OU Tutoring Program (HB1287)<o:p></o:p></li><li class="xmsonormal" style="mso-list:l0 level1 lfo3"><b>$70,000,000</b> for Oklahoma’s Promise (a $2.3 million increase over FY25)<o:p></o:p></li><li class="xmsonormal" style="mso-list:l0 level1 lfo3"><b>$740,310</b> to extend Oklahoma’s Promise eligibility to children of K12 teachers (HB1727)<o:p></o:p></li></ul>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">The <b>total FY26 appropriation</b> for higher education will be
<b>$1,098,405,926</b>.<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">Additionally, higher education will receive the full <b>$101 million</b> in deferred maintenance funding in FY26, rather than distributing it over three years as previously planned. Details regarding how those funds will be distributed
are still being finalized, but we will keep you updated.<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">Below are links to media coverage of the budget agreement:<o:p></o:p></p>
<ul style="margin-top:0in" type="disc">
<li class="xmsolistparagraph" style="margin-left:0in;mso-list:l3 level1 lfo6"><a href="https://www.oklahoman.com/story/news/politics/2025/05/14/oklahoma-legislative-session-2025-budget-deal-income-tax-cuts-tort/83629781007/">Gov. Stitt, legislative leaders
announce budget deal including tax cuts, tort reforms: What we know</a> – The Oklahoman<o:p></o:p></li><li class="xmsolistparagraph" style="margin-left:0in;mso-list:l3 level1 lfo6"><a href="Gov.%20Kevin%20Stitt,%20GOP%20leaders%20announce%20agreement%20on%20budget,%20tax%20cut">Gov. Kevin Stitt, GOP leaders announce agreement on budget, tax cut</a> – Tulsa World<o:p></o:p></li><li class="xmsolistparagraph" style="margin-left:0in;mso-list:l3 level1 lfo6"><a href="https://nondoc.com/2025/05/14/oklahoma-fy-26-budget-deal-contains-tax-cut-oklaed-bump-prison-purchase-ou-osu-projects/">White smoke: FY 26 budget deal contains tax cut, #oklaed
bump, prison purchase, OU/OSU projects</a> – NonDoc <o:p></o:p></li><li class="xmsolistparagraph" style="margin-left:0in;mso-list:l3 level1 lfo6"><a href="https://oklahomavoice.com/2025/05/14/oklahoma-republicans-tout-proposed-12-6-billion-budget-deal/">Oklahoma Republicans tout proposed $12.6 billion budget deal: Stitt could
receive long-desired tax cut</a> – Oklahoma Voice<o:p></o:p></li></ul>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">Please let us know if you have any questions.<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal">Kylie<o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
<p class="xmsonormal"><b>Kylie Smith, Ph.D.</b><o:p></o:p></p>
<p class="xmsonormal">Vice Chancellor for Administration<o:p></o:p></p>
<p class="xmsonormal">Oklahoma State Regents for Higher Education<o:p></o:p></p>
<p class="xmsonormal">655 Research Parkway, Suite 200<o:p></o:p></p>
<p class="xmsonormal">Oklahoma City, Oklahoma 73104<o:p></o:p></p>
<p class="xmsonormal">405.225.9122<o:p></o:p></p>
<p class="xmsonormal"><a href="mailto:ksmith@osrhe.edu">ksmith@osrhe.edu</a> <o:p>
</o:p></p>
<p class="xmsonormal"><i>follow us on X</i> @okhighered <o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt"> </span><o:p></o:p></p>
<p class="xmsonormal"><span style="font-size:10.0pt"> </span><o:p></o:p></p>
<p class="xmsonormal"><img border="0" width="135" height="68" style="width:1.4083in;height:.7083in" id="x_Picture_x0020_1" src="cid:image002.png@01DBC571.819DA450" alt="cid:image002.png@01D91168.14F91740"><span style="font-size:10.0pt"> </span><img border="0" width="143" height="41" style="width:1.4916in;height:.425in" id="x_Picture_x0020_2" src="cid:image004.png@01DBC571.819DA450" alt="cid:image004.png@01D5F860.453EF380"><o:p></o:p></p>
<p class="xmsonormal"> <o:p></o:p></p>
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