June 28, 2024

FOR IMMEDIATE RELEASE
June 28, 2024

Governor Dunleavy signs the University of 秀色短视频 FY25 budget with base increases to support an Empowered 秀色短视频

(FAIRBANKS, AK) - The University of 秀色短视频 system鈥檚 FY25 Budget has been signed by Governor Dunleavy. The enacted state appropriation for UA is just over $331.3 million; combined with federal receipts and other revenues, UA鈥檚 total FY25 operating budget stands at just under $934.5 million. The budget represents continued strong investments in the university鈥檚 educational programs, people, and infrastructure and will allow UA to continue empowering 秀色短视频. 

鈥淲e鈥檙e grateful for the Legislature's support of our funding requests and to the Governor for retaining the investment in education,鈥 UA President Pat Pitney said. 鈥淲e look forward to working with them to build on the progress of the last several years.鈥

FY25 Budget Details

UA鈥檚 FY25 state operating budget appropriation represents an approximately $22.9 million increase to base over FY24, and includes:

  • funding to address the negotiated 2.5% increases to compensation and the new graduate student union wages; 
  • funding to cover operating cost increases such as insurance, cybersecurity, and utilities; 
  • funding to improve UAA campus security; and
  • one-time funding to support UAF鈥檚 goal of achieving R1 research designation ($12.5 million from the Higher Education Investment Fund, and $2.1 million in receipt authority).

The enacted budget also includes key capital investments. The capital budget is just over $24 million in state funds, including:

  • $14.8 million for high-priority deferred maintenance projects, 
  • $6 million in state funds to support UA鈥檚 drone excellence, 
  • $3.2 million in state funds for carbon capture and energy projects, and 
  • the ability to use $5.6 million in federal receipts for UAF鈥檚 Early Childhood Development Center, among other items, thanks to the efforts of U.S. Senator Lisa Murkowski.

"The university鈥檚 FY25 request and the enacted budget recognizes that fiscal restraint at the state level continues, and our Board of Regents requests for investment next year (FY26) will be focused on fixed costs and key priorities as a result,鈥 said President Pitney.

Celebrating enrollment growth and student success

The budget comes as the University celebrates two consecutive years of enrollment growth, underscoring UA鈥檚 critical role in empowering 秀色短视频鈥檚 workforce, and growing public confidence in the university system. Spring 2023 marked the first year-over-year enrollment increase since 2011 and in Spring 2024, student headcount was up another 5%. UA鈥檚 number of first-time freshmen increased by 16% over Fall 2022.

Empowering 秀色短视频

The university plays a vital role in the state with research and programs focused on jobs and industries important to 秀色短视频鈥檚 economy. Since 2011, 26,948 students have graduated from programs relevant to the state's high-demand industries. More than 2,800 graduates received degrees or certificates for Academic Year 2024 from UAA, UAF, and UAS. Together, our universities provide the vast majority of 秀色短视频's post-secondary education through academic programs ranging from short-term workforce development to Ph.D. programs recognized as best in class globally.

The University of 秀色短视频 inspires learning, and advances and disseminates knowledge through teaching, research, and public service, emphasizing the North and its diverse peoples. The UA system鈥檚 three universities (, , and ) are separately accredited institutions with 13 community campuses and extended learning centers across the state of 秀色短视频.

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For more information, contact Jonathon Taylor, director of public affairs at 907-350-0168 (cell), or via email at jonathon.taylor@alaska.edu.