After Monday’s cutoff for action in the fiscal committees, our request legislation is still alive in both houses. This includes bills to allow the University continued tuition setting authority for graduate and out-of-state students (HB 1235/SB 5734), to protect private investment information given to our endowment (HB 1640/SB 5526), and to streamline public works contracting processes (HB 1916/SB 5760). Also of importance, and through committee, is HB 2254 which would allow universities to finance some building projects with “certificates of participation.” This would allow more construction projects to be built than would be possible under capital budget resources. The next step for all of these bills is floor consideration.
Also in the last couple of days, a number of news articles have appeared speculating on the level of budget cuts that might be in store for higher education. A note of caution is in order. The budget situation has never been so fluid. There are a number of moving parts, including budget cuts, tuition levels and the federal stimulus package. While we can expect plenty of speculation to emerge about different plans and proposals, negotiations over the final shape of the budget still have a long way to go. We will continue to post significant developments here as soon as they are available.