FAU Faces $47 Million Cut to its General Revenue Budget
If Approved, 33 Percent Cut Could Have Dramatic Impact
BOCA RATON, FL (February 15, 2012) – Florida Atlantic University could receive a $47 million reduction to its general revenue budget if the proposal made by the Florida Senate is passed this week. The drastic cut would remove one-third of FAU’s State University System (SUS) appropriation.
“The passage of the proposed budget cuts to Florida Atlantic University would have a devastating effect on the future of FAU and the opportunities it provides to our faculty, staff, students, alumni, as well as its surrounding communities,” said FAU President Mary Jane Saunders. “FAU provides a $4 billion economic impact to its six-county service region, and these cuts would be shattering to all we serve.”
Under the plan, FAU, which is about 9 percent of the SUS Education & General (E&G) budget, is slated to take 11.8 percent of the system cut, or $47 million.
The magnitude of these reductions have potential to lead to severely negative outcomes, which could include closing of academic programs; closing of FAU campuses; and the elimination of programs and classes offered during the summer semester. The cuts also could lead to loss of economic development to the local community, as well as layoffs and/or employee furloughs, and reduced staffing.
“Florida Atlantic University provides quality education and research opportunities throughout the state of Florida,” said Robert J. Stilley, chair of FAU’s Board of Trustees. “The Senate cannot pass this steep budget cut, as it would drastically affect Florida’s economic development efforts and all services it provides for education and community engagement.”
In percentage terms, FAU is the second hardest hit of the SUS universities. The spread between the percentage of the cuts apportioned to a university and that university’s percentage of the E&G budget shows that the University of South Florida fares the worst with a cut that is 5.6 percent steeper than its operating percentage. FAU’s cut is next steepest at 3.8 percent deeper than its operating percentage. The University of Central of Florida is next at 3.6 percent, followed by Florida International University at 2.1 percent more than its share of the E&G budget. All other universities have cuts that are below its percentage of the E&G budget.
-FAU-About Florida Atlantic University:
Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 29,000 undergraduate and graduate students on seven campuses and sites. FAU’s world-class teaching and research faculty serves students through 10 colleges: the Dorothy F. Schmidt College of Arts and Letters, the College of Business, the College for Design and Social Inquiry, the College of Education, the College of Engineering and Computer Science, the Graduate College, the Harriet L. Wilkes Honors College, the Charles E. Schmidt College of Medicine, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. FAU is ranked as a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. For more information, visit www.fau.edu.