If state revenue and expenditure projections hold as currently projected, and no Constitutional fiscal reform is adopted by voters in the General Election this fall, UCCS’ share of the projected budget shortfall is expected to be approximately 6 million over the next two fiscal years.
The Outcome for Inventing the Future
Identify revenue enhancement strategies and possible expenditure reductions to meet any state support reduction while striving to support our vision and to meet the needs of our students, faculty and staff.
The Colorado Springs campus of the University of Colorado faces an uncertain financial future due to conflicting constraints in the state’s Constitution. The campus leadership team has determined that a targeted and timely comprehensive planning effort is needed to ensure that the campus is positioned to not only “weather” this uncertain future, but grow and thrive to meet community, state and national needs.
This amount is estimated based on an existing $1.8 million base budget deficit that the campus continues to carry into FY 04-05, plus a median estimate [$4.2 million] of UCCS’ possible share of the state general fund budget reduction for state agencies if no structural remedies or other fiscal strategies are utilized by the state for FY 05-06.