[Cobo] FW: FY10 Budget Reduction Agreement

[Mauck, Sheri]

Please find the correspondence and attachments (with a slight correction
noted below) that was sent out late yesterday afternoon to the
Presidents.  Please let us know if you have any questions.

 

________________________________

From: Paliotta, Amanda 
Sent: Wednesday, January 27, 2010 8:36 AM
To: Mauck, Sheri
Subject: FW: FY10 Budget Reduction Agreement

 

Sheri - please forward this message and attached document to the
Business Officers.  Please note that the reference in the message that
higher education's annualized reduction of 4.32 percent is incorrect.
The actual figure is 4.23 percent.

________________________________

From: Johnson, Dr. Glen 
Sent: Tuesday, January 26, 2010 4:04 PM
To: Presidents
Subject: FY10 Budget Reduction Agreement

OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION

 

 

Memo

 

 

To:                  Presidents

From:              Chancellor Glen D. Johnson

Date:               Tuesday, January 26, 2010

Subject:           FY10 Budget Reduction Agreement

 

 

Today, January 26, 2010, Governor Brad Henry and the Legislature
announced that they have reached an agreement on a plan to address the
$1 billion shortfall in the current fiscal year's budget (FY'10).

 

The plan reflects the Governor and Legislative leadership's continued
efforts to make Higher Education a priority during this difficult
economic time. The agreement provides a supplemental appropriation of
$25.5 million to the Oklahoma State System of Higher Education.  This
supplemental appropriation will reduce higher education's annualized
reduction from 7.5 percent to 4.32 percent.  In comparison, other State
agencies will receive a 7.5 percent annualized reduction for this fiscal
year.

 

Attached is the press release issued by the Governor and Legislative
leaders providing the details of the plan and a spreadsheet from our
office showing the amount each institution will receive of the $25.5
million supplemental appropriation to higher education.

 

If you have any questions please contact Vice Chancellor Amanda Paliotta
at 405-225-9126 or apaliotta at osrhe.edu.

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