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2015-17 Senate Chair Operating Budget

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On Tuesday, Leadership in the Senate Ways & Means Committee released its operating budget proposal, which makes significant changes to the and differs significantly from听the.听 Under the Senate proposal, the 91探花would receive $674.39 million of Near General Fund State across the biennium.

Here are some of the key points from the Senate Budget proposal:

  • Tuition affordability program 鈥� The Senate budget reduces the operating fee portion of resident undergraduate tuition to 18 percent of the state鈥檚 average wage in FY16 and 14 percent of the state鈥檚 average wage in FY17 onward. It provides $96 million over the biennium to offset the reduction in operating fees, which we believe falls short by $1.2 million in FY16 and $2.8 million in FY17.
  • WWAMI 鈥� The Senate budget provides $1.25 million per year for continued operations of the WWAMI program.
  • O&M Funding 鈥� Like the House budget, the Senate provides $1.762 million over the biennium to cover the operation and maintenance costs of 91探花Bothell Discovery Hall.
  • STEM Investments 鈥� The Senate proposal 听provides $2 million per year to increase bachelor鈥檚 degrees in Science, Technology, engineering and Math fields.
  • Compensation Increase 鈥� The Senate bill rejects state-funded contracts with classified staff. Instead, the Senate Chair budget would fund wage increases at $1,000 per employee and require that the University either renegotiate contracts to match this funding level or locally fund the difference in perpetuity. The Senate budget provides funds for faculty and staff wage increases at $1,000 per employee and allows the 91探花to deviate from this assumption with local funds.

The Senate capital budget is expected to be released next week听.听 For more information, please see the .

 

2015-17 House Chair Operating and Capital Budgets

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Leadership in the House Appropriations Committee released their 2015-17 operating budget proposal on Friday – . The proposal provides $3.48 billion of Near General Fund听State听for higher education which is a slight increase over the total higher education appropriations in the Governor’s budget.

On the operating side, the 91探花would receive $595.6 million of Near General Fund State across the biennium 鈥� $95 million more than we听received in 2013-15.

Here are some of the key points from the House听operating budget proposal:

  • Tuition freeze for resident undergraduate students over the biennium.
  • $50 million in biennial funding to offset tuition freeze and fund compensation increases.
  • $8 million in FY17 to support Computer Science engineering enrollment.
  • $3 million in FY17 for additional medical residencies in Washington State.
  • $4.68 million transfer from WSU to the 91探花in both FY16 and FY17 to support the WWAMI program.
  • $1.7 million over the biennium to cover operation and maintenance costs for 91探花Bothell Discovery Hall.
  • $1 million for an ungulate predation study — $600,000 of which would pass through to another state agency.
  • No funding for Climates Impacts Group, although the Governor鈥檚 funding had provided$1 million provided for this purpose.

Overall, the 91探花fared well in the House operating budget compared to the Governor budget.

On the capital side, the 91探花would receive $41.156 million in new funding from the State Building Construction Account. This is significantly less than the Governor鈥檚 proposed budget of $86.2 million, with less funding for the CSE Expansion ($6.033 million of the $40 million requested) and no funding to support the completion of the phased renovation of Lewis Hall. It does however propose a greater amount of funding for the Burke Museum ($26 million), but is still less than the Burke鈥檚 requested $46 million.

The Senate will release its proposed operating and capital budgets in the coming weeks.听 For an analysis and summary of the operating and capital budgets, please review the听.

 

February 2015 State Revenue Forecast Update

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General Fund-State (GF-S) has been increased by $107 million for the 2013-2015 biennium and by $129 million for 2015-2017.

  • GF-S revenue for the 2013-2015 biennium is now $33.547 billion (9.4% higher than collections in the 2011-13 biennium) and
  • The forecasted GF-S revenue for the 2015-2017 biennium is now $36.449 billion (8.7% higher than collections in the 2013-15 biennium)

Revenue collections through February 10th were $69 M (1.5%) higher than forecasted. Of this amount, $52 M came from Revenue Act Sources (retail sales, business and occupation, public utility and tobacco products taxes).

A few additional highlights from the update:

  • Oil Prices have declined further since November forecast.
  • Sales tax growth is strong and is driven by sales in construction, autos and building materials.
  • Real estate excise tax since November forecast came in $11 M higher than forecasted.
  • Average monthly increase of 7,000 net new jobs in Washington. Seattle area employment is growing much faster than the rest of the state.

Note: Caseload forecast Council will release their report this afternoon at 1.30PM

 

Governor Inslee’s 2015-17 Operating and Capital Budgets

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The Governor released operating and capital budgets yesterday morning. Though the 91探花fared well in the capital budget, we believe the operating budget, as currently proposed, presents challenges. Please note that the Governor鈥檚 budgets will be taken up by the Legislature in January; we are many months away from a final legislative compromise. As usual, we will be sending out budget briefing documents throughout legislative session to keep you updated.

For an analysis and summary of the operating and capital budgets, please review the听.

AASCU Releases Latest State Outlook

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On Thursday, the American Association of State Colleges and Universities (AASCU) released its most .听 According to the report, state operating support for public 听four-year colleges and universities is 3.6 percent higher for FY 2015 than it was for FY 2014. Of the 49 states that have passed a budget thus far, support for higher education increased in 43 states and decreased in only 6 states. Of those 6 states that reduced funding, all were under 3 percent: Alaska, Delaware, Kentucky, Missouri, Washington (0.8 percent decrease) and West Virginia.

There was a relatively small amount of variation between states in terms of their year-to-year funding changes. For FY 2015, the spread between the state with the largest gain and that with the largest cut was only a 24 percent鈥攖his is compared to 57 percent, 25 percent and 46 percent, respectively, in FYs 2012, 2013 and 2014. The report notes that this decreased volatility likely indicates 鈥渁 continued post-recession stabilization of states鈥� budgets.鈥�

Charitable contributions to U.S. colleges and universities increased 9 percent in 2013, to $33.8 billion鈥攖he highest recorded in the history of the Council for Aid to Education (CAE) Voluntary Support of Education (VSE) survey. In addition, college and university endowments grew by an average of 11.7 percent in FY 2013, according to a January 2014 study released by the National Association of College and University Business Officers and the Commonfund Institute.听 This represents a significant improvement over the -0.3 percent return in FY 2012.

The report also describes ten highlights/trends from states鈥� 2014 legislative sessions, those being:

  1. State initiatives linking student access to economic and workforce development goals.
  2. Tuition freezes or increase caps in exchange for state reinvestment鈥攖his occurred in Washington and another example is discussed in .
  3. Performance-based funding systems that attempt to align institutional outcomes with state needs and priorities.
  4. Governor emphasis on efforts to advance state educational attainment goals.
  5. Interest in policies related to vocational and technical education, including allowing community colleges to grant certain four-year degrees (as described in ).
  6. Efforts to develop a common set of expectations for what K-12 students should know in mathematics and language arts.
  7. STEM-related initiatives, including additional funding for STEM scholarships in Washington.
  8. Financial support for the renovating and/or constructing of new campus facilities鈥攗nfortunately, Washington鈥檚 legislature did not pass a capital budget.
  9. Bills allowing individuals to carry guns on public college and university campuses鈥攁s of March 2014, seven states had passed such legislation.
  10. Legislation that extends in-state tuition or, as occurred in Washington, state financial aid to undocumented students.

Other noteworthy policy topics described in the report include:

  • Student financial aid programs鈥攕ome states broadened their programs while others limited them;
  • Online and competency-based education reciprocity agreements;
  • 鈥淧ay It Forward鈥� Funding Schemes; and
  • Consumer protection as it pertains to student recruitment, advertising and financial aid at for-profit colleges.

Stanford Announces It Will Divest from Coal Companies

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On Tuesday, Stanford鈥檚 Board of Trustees it 鈥渨ill not directly invest in approximately 100 publicly traded companies for which coal extraction is the primary business, and will divest of any current direct holdings in such companies.鈥� Furthermore, Stanford stated it would encourage its external investment managers to avoid investments in such companies.

The decision was made at the recommendation of the university’s Advisory Panel on Investment Responsibility and Licensing (APIRL), which had spent several months analyzing a petition by a student group called Fossil Free Stanford. After conducting an extensive research-based review of the issues, APRIL concluded that sufficient coal alternatives exist and that divestment 鈥減rovides leadership on a critical matter facing our world and is an appropriate application of the university’s investment responsibility policy.鈥�

This issue has arisen several times at the UW, which (like Stanford) is a leader in . Stanford鈥檚 decision may set a precedent for other universities, including the UW, that have grappled with this issue.

International Graduate Applications Increase, But Countries of Origin Shift

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The Council of Graduate Schools (CGS) released its on Thursday, which revealed that the number of international student applications to U.S. graduate schools increased by 7 percent in 2014 and, for the second year in a row, Chinese applications fell slightly, while those from students in India soared.

Chinese graduate applications (and enrollments) had steadily increased for the better part of a decade. But, in 2013, the number of graduate applications from China dropped by 3 percent and, this year, that number fell by another 1 percent. Meanwhile, Indian applications increased by 22 percent in 2013 and by an even more impressive 32 percent in 2014.

鈥淭he distribution of applications by country of origin鈥� remains a concern,鈥� the CGS report states, noting that Chinese applications trends have historically been more stable than Indian applications trends. Past fluctuations in Indian applications appear to have primarily resulted from changing economic circumstances and exchange rates; however CGS鈥檚 president, Debra W. Stewart, to tightening student-visa rules in the U.K.

The number of new Indian students at English universities since 2010-11, which observers partially ascribe to the elimination of post-study work opportunities for international students and, as notes, other U.K. immigration policy changes that have made the U.K. appear less welcoming of international students.

According to an article by , 鈥淪tewart said she worries that unless American lawmakers reform the visa system to make it easier for international students to stay and work after graduation, the United States could lose whatever edge it may have.鈥�

The Chinese slowdown is likely a more permanent change resulting (at least partially) from China鈥檚 push to improve its own research universities. The report鈥檚 other noteworthy findings include that Brazilian graduate applications increased by 33 percent鈥攚hich could be due in part to the Brazilian government鈥檚 massive scholarship program鈥攁nd that graduate applications from Africa, Europe and the Middle East (the three world regions reported on) all showed increases as well.

Figures for 2014 are preliminary and subject to revision in a CGS report planned for August.

Ryan Budget Would Hurt Pell Grants and Student Loans

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Representative Paul Ryan, the House Budget Chairman, released his FY15 on Tuesday. The proposal would remove the in-school interest subsidy for all subsidized undergraduate student loans, eliminate mandatory funding for Pell Grants, and freeze the maximum Pell Grant award at $5,730 for the next 10 years.

As Office of Federal Relations put it in their , 鈥淭hat essentially means that $870 in the maximum grant would have to be funded by increased discretionary funds or the maximum be cut from $5,730 to $4,860.鈥�

Please see the Federal Relations for more information, and check out articles by , , and .

President Obama Releases His FY2015 Budget

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Yesterday, March 4th, President Obama submitted his fiscal year 2015 budget request to Congress.听 has published their听analysis听of the budget as has .

TICAS states that the President鈥檚 proposal 鈥渢akes important steps towards making college affordable for Americans by reducing the need to borrow and making federal student loan payments more manageable.鈥� Specifically, his budget:

  • Invests in Pell Grants and prevents them from being taxed. 听The budget provides funds to cover the scheduled $100 increase in the maximum Pell award, raising it from $5,730 in 2014-15 to $5,830 in 2015-16. TICAS notes that although this increase will help nearly 9 million students, 鈥渢he maximum Pell Grant is expected to cover the smallest share of the cost of attending a four-year public college since the program started in the 1970s.鈥�
  • Makes the American Opportunity Tax Credit (AOTC) permanent. 听TICAS supports making the AOTC permanent as they note research suggests the AOTC is the most likely of the current tax benefits to increase college access and success.听 New America, however, recommends the administration convert the tax credit to a grant program as they state researchers have found grants to be a more effective way to deliver aid to low-income families.
  • Improves and streamlines income-based repayment (IBR) programs. Under the President鈥檚 budget, more borrowers would be eligible to cap their monthly payments at 10 percent of their discretionary income and have their remaining debt forgiven without taxation after 20 years.听The budget also adjusts the IBR programs to prevent debts forgiveness for high-income borrowers who can afford to pay their loans.
  • Requests funding for the College Opportunity and Graduation Bonuses.听 The budget proposes establishing College Opportunity and Graduation Bonuses, which would reward schools that enroll and graduate low-income students on time. Both TICAS and New America note that, unless this proposal is thoughtfully designed, it could incentivize schools to lower their academic standards in order to make it easier for Pell students to graduate. Further, as this proposal is one of several different efforts to reward colleges that provide affordable, quality educations, it is unclear how its goals and formulas would interact with those of initiatives like the Postsecondary Education Ratings System.

The UW鈥檚 notes that the budget also proposes $56 billion for an 鈥淥pportunity, Growth and Security Initiative,鈥� which 鈥渁ims to effectively replace the remaining FY2015 sequestration cuts for nondefense discretionary programs 鈥� the programs we care about the most.鈥� Please stay tuned to their blog for more information and updates.