Regents approve $4.8 billion CU budget for 2019-20

2019 Board of Regents
CU Board of Regents

The University of Colorado Board of Regents approved a nearly $4.8 billion budget for fiscal year 2019-20. It includes a 3% compensation pool for faculty and staff.

The regents voted 8-0 – Regent Linda Shoemaker was absent – to approve the budget during the board’s meeting June 14 at CU Boulder.

The largest portion of revenue for the upcoming year is health services, at 25%, followed by federal, state and local grants (14.5%) and nonresident tuition (12.9%).

Despite higher education gaining a 13% increase overall ($98 million; CU’s share $30 million), Colorado remains 48th in the nation in state funding for higher ed, said Todd Saliman, vice president of finance and CFO. Direct state funding accounts for $263 million of CU’s revenue, or 5.5%.

The state budget, approved by Gov. Jared Polis in April, called for no tuition increase and flat mandatory fees for resident undergraduate students. The 3% merit increase for faculty and staff is in line with the mandatory classified staff increase in the state’s FY 2019-20 budget, and will increase salaries across CU by $36.4 million.

CU’s 2019-20 budget by campus:

  • CU Boulder, $1.9 billion
  • CU Colorado Springs, $271.6 million
  • CU Denver, $330.2 million
  • CU Anschutz Medical Campus, $2.3 billion
  • CU system administration, $201.4 million

The full budget presentation can be found here.

–Originally posted by CU Connections June 27, 2019.

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Undergraduate in-state tuition rates, all campus mandatory fees will remain the same in 2019-20

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