What role do the University System of Georgia (USG) and the Board of Regents (BOR) play in determining Georgia Techs budget?
One of the BOR’s primary responsibilities is to manage the budget process for the University System. This is a cyclical, year-round process comprised of the following steps: • The budget process begins with the development and approval of a budget request for the next fiscal year in July and August. • This request is sent to the Governor by September 1, who then incorporates it into a recommendation on the total state budget sent to the General Assembly. • The General Assembly debates the Governor’s budget recommendation from January through March/April, passing a final state budget, which is then signed by the governor. • As a general rule, the BOR formally approves the final budget in April/May. • State appropriations to various state agencies occur at the beginning of the fiscal year, July 1. The regents allocate state funds to Georgia Tech and other USG institutions for the fiscal year at this time.
