UConn Trustees to Vote on $2.4 Billion Budget This Week

STORRS, CT — The University of Connecticut’s proposed 2018-19 budget represents "a delicate balance of seeking efficiencies while working to protect the University’s academic mission," school officials said Monday.

Members of the UConn Board of Trustees’ financial affairs committee were able to get advance look Monday at the proposed FY19 budgets for Storrs, the regional campuses, and UConn Health, and the full board will vote on the numbers on Wednesday.

The total FY19 budget of $2.4 billion is comprised of $1.36 billion for UConn Storrs and the regional campuses, and $1.04 billion for UConn Health, including John Dempsey Hospital and the schools of medicine and dental medicine.

Although budget officials were able to balance both spending plan proposals through a "series of efficiencies and other moves," they "warned" that the next two years "look more difficult as UConn continues to absorb factors it can’t control."

They include the "unpredictability of state financial support and fringe benefit costs," the latter being "substantially increased by the state’s effort to cover its unfunded pension liabilities statewide."

The budget is also affected "significantly" by the requirement to fund pay raises in FY20 and FY21 under a statewide agreement with labor unions, officials said.

If the full Board of Trustees approves the budget on Wednesday, it goes into effect July 1.

See more about the proposals here.

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