This information was presented at the IBHE meeting June 4.

Fiscal Year 2003 Appropriations

Higher Education
Operations and Grants
Capital Improvements

June 4, 2002

Fiscal Year 2003 Operations & Grants

• $2.6 billion Ð Compared to fiscal year 2002

• $41.7 million, or 1.6 percent, less
• $62.6 million, or 2.6 percent, less institutional operations and grants

• First time since fiscal year 1993 that appropriations have declined compared to previous year.

• Builds from the allocation of Governor RyanÕs budget presented in February

Fiscal Year 2003-Public Universities

• GovernorÕs Budget Allocation Plus:

Chicago State University

• School of Pharmacy ($400,000)
• Financial Assistance Center ($400,000)

University of Illinois

• Urban Leadership Center ($125,000)
• Office of Technology Transfer ($1 million)
• Abraham Lincoln Presidential Center for Governmental Studies ($1.5 million)

Fiscal Year 2003-Community Colleges and Adult Education

• Grants for Colleges

• $5.0 million for downstate districts
• $5.0 million for City Colleges of Chicago
• $2.0 million Ð City Colleges - CORE

• Adult Education - $34.2 million

• $3.7 million less than GovernorÕs Budget Allocation
• 41 percent reduction of new funds invested in FY2002

• Career and Technical Education

Fiscal Year 2003 - ISAC

• Monetary Award Program: $367.9 million

• Approximates fiscal year 2002 funding level
• No funds to offset tuition and fee increases, increase maximum award, or for volume increase
• Reduced Awards

• Arthur F. Quern Program Ð No Funding

• Teachers and Child Care Providers Loan Repayment Program - $2.7 million

Fiscal Year 2003-Grants & Initiatives

• GovernorÕs Budget Allocation Except:

• Higher Education Cooperation Act Grants

$3.4 million reduction

• Career Academies - $1.4 million

• Illinois Century Network - $25.5 million

Fiscal Year 2003 Capital

• $338.3 million for Higher Education

• 31 Projects

• 12 projects from the BoardÕs Recommendations
• 6 VentureTech projects and 1 regular capital project added in GovernorÕs Budget
• 12 projects added by the General Assembly

• $50 million for second year of Community College Enhanced Construction Program

• $30 million for Capital Renewal projects at community colleges and public universities