Speaker Carl Heastie and Higher Education Committee Chair Patricia Fahy today announced the approved State Fiscal Year (SFY) Budget keeps the state’s public colleges and universities affordable and accessible, ensuring that tuition remains flat for New York State residents, and includes $1.38 billion in operating aid for State University of New York (SUNY) schools and $821.4 million in operating aid for City University of New York (CUNY) schools.
“Ensuring public colleges and universities remain affordable and accessible to all New Yorkers is a top priority for the Assembly Majority,” said Speaker Heastie. “This year, as always, we fought to ensure that tuition remains as it is today and that our SUNY and CUNY schools have a multiyear commitment of funding that is necessary to continue delivering a world class education to students.”
“I’m proud this year’s budget includes investments that will ensure New York State’s higher education system remains affordable, competitive, and a national and international pinnacle of postsecondary education,” said Assemblymember Fahy. “As the new chair of the Higher Education Committee, I am pleased we were able to secure the largest increases in operating and capital aid for SUNY and CUNY campuses in recent memory and avoid tuition increases, to enable more students to achieve their dreams of achieving higher education, while investing in modern, state-of-the-art facilities on our campuses. I am grateful to Speaker Heastie, Senate Higher Education Chair Toby Ann Stavisky, and my legislative colleagues for enacting a strong, final spending plan that commits the critical resources necessary to maintain New York’s higher education system’s world-class status without raising significant costs on New York families.”
Tuition and SUNY & CUNY Operating Funds
The Enacted SFY 2023-24 Budget includes no tuition increases for New York State residents. The plan includes $1.38 billion in SUNY operating funds, which is $178 million over SFY 2022-23, and $821.4 million in CUNY operating funds, which is an increase of $103 million over SFY 2022-23. The plan also provides a commitment of out year resources to ensure predication operating aid for both systems through academic year 2025-26.
The plan also includes $500 million for an Endowment Matching Fund for contributions made to the endowments of SUNY’s four university centers. The plan will provide a minimum of $25 million and maximum of 40 percent for any individual university center. The budget also invests $65 million to forgive the SUNY hospitals’ debt service payments for SFY 2023-24.
SUNY & CUNY Capital Funding
The Enacted Budget includes $1.9 billion in capital support for SUNY schools. This includes $650 million to maintain current facilities, $470 million in funding for expansion or major renovation projects, as well as $106 million in capital for community colleges. CUNY schools will benefit from $1.1 billion in capital support which includes $384 million to maintain current facilities, $535 million in funding for expansion or major renovation projects, as well as $119.7 million in capital for community colleges.
The SFY 2023-24 Budget includes $213 million for opportunity programs, including:
- $48.3 million for the Higher Education Opportunity Program (HEOP);
- $43.8 million for the Education Opportunity Program (EOP);
- $38.2 million for the Search for Education, Elevation and Knowledge (SEEK) program;
- $25 million for Liberty Partnerships program;
- $21.5 million for the Science and Technology Entry Program (STEP);
- $16.3 million for the Collegiate Science and Technology Entry Program (CSTEP);
- $8.2 million for the Foster Youth College Success Initiative; and
- $1.8 million for College Discovery.