What decisions did the Georgia General Assembly make in passing its budget with respect to the University System?
The proposed budget for FY11 forwarded by the General Assembly to the governor for his signature requires the University System of Georgia to absorb additional formula and line item appropriation reductions of $161 million, or 8.1 percent. This amount is partially offset by additional one-time stimulus funding of approximately $23 million, which will have to be absorbed in future years. However, the proposed budget also provides the system new formula funding and cost adjustments in the amount of $126 million.
