Notes On The Futures Report And The Cuts Report: A

Notes on the Futures Report and the Cuts Report: A preliminary update by Henning Bohn

Funding Measure: • State GF adjusted for capital lease and lottery funds. Several Scenarios: • Benchmark • Compact • Restore 2001 Pathway: • Modified Master Plan: • Funding Freeze

Constant share state personal income as in 2001-02 Funding promised under compact with governor. Return to benchmark within 5 years. Return to 1990 share of state personal income in 5 years. Funding constant in nominal terms

Current Version: • Update actual data to 2009-10; Regent’s budget for 2010-11. • Consider the same alternatives.

State Funds for Operations in Nominal $: Where do we stand?

7,000

6,000

5,000

4,000

3,000

2,000 2001-2

2002-3

2003-4

2004-5

2005-6

2006-7

2007-8

2008-9

2009-10

Year

Benchmark 3. Modified Master Plan (1990 Pathway) 6. Nov.09 Update

1. Compact 4. Funding Freeze $2.7b Target for 2010-11

2. Restore 2001 Pathway 5. Cuts report secenario

2010-11

State Funding to UC in percent of State Personal Income 0.40%

0.30%

0.20%

0.10%

0.00% 2001-2

2002-3

2003-4

2004-5

Benchmark

2005-6

2006-7

2007-8

2008-9

2009-10

1. Compact

2. Restore 2001 Pathway

3. Modified Master Plan (1990 Pathway)

4. Funding Freeze

Update Nov 2009

2010-11

State Funds for Operations in Nominal $: Updated Futures Report Scenarios

6,000

5,000

4,000

3,000

2,000 2001-2 2002-3 2003-4 2004-5 2005-6 2006-7 2007-8 2008-9

200910

201011

201112

201213

201314

201415

Year

Benchmark Compact Funding Freeze $2.7b

Update Nov 2009 Restore 2001 Pathway Funding Freeze $2.4b

Target for 2010-11 Modified Master Plan (1990 Pathway)

State Funding to UC in percent of State Personal Income 0.40%

0.30%

0.20%

0.10%

0.00% 2001-2

2002-3

2003-4

2004-5

2005-6

2006-7

2007-8

Benchmark

2008-9 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

Compact

Update Nov 2009

Restore 2001 Pathway

Modified Master Plan (1990 Pathway)

Funding Freeze $2.7b

Funding Freeze $2.4b