Posted: Wednesday, September 11th 2013 at 6:03pm
Regents to seek $1.93B budget for FY2015
By The Associated Press
ATLANTA (AP) -- The Georgia Board of Regents has signed off on a $1.93 billion budget request for fiscal year 2015, which represents a 2.6 percent increase over the year before.
The request was adopted Wednesday by the board and now heads to the governor's office for consideration.
The request doesn't include $235.2 million needed for facilities within the university system, which was also approved by the board.
Officials say the request includes a reduction in state funds of $20.2 million to account for a 2.7 decline in enrollment during the last school year. Officials say changes to a federal grant program and increased admissions requirements have factored into the decline.
The board is also seeking $3.2 million for more hospital residency slots. Other increases include health insurance, retirement programs and facility operations.
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