A Shared Responsiblity
The State of Connecticut is uniquely poised for seizing the opportunity that Next Generation Connecticut affords us. As the state's flagship university, UConn plays an inportant role in educating our future leaders, and being a key lever in economic development.
While there is a major 10-year capital component of this initiative that stretches out the UCONN 2000 program until 2024 that is outlined in Senate Bill 840, An Act Concerning Next Generation Connecticut, there is also an operating budget component, reflected in the University’s FY15 state appropriation.
The commitment to Next Generation Connecticut is a shared fiduciary responsibility. Proposed capital and operating funding for Next Generation Connecticut will be allocated incrementally between FY15 and FY24. Additionally, UConn will commit significant institutional resources to launch Next Generation Connecticut by contributing $235M in reallocated UCONN 2000/21st Century UConn funds for the building program and $149M in operating funds to support the academic program components.
Below is the proposed operating budget component of Next Generation Connecticut. It is important to note that FY15 operating funding for the initiative is included in the Governor’s proposed budget and that no operating costs will be paid for through bond funds.
*Amounts shown are cumulative and in addition to support of current faculty hiring plan of $79M.
Below is the proposed capital funding for Next Generation Connecticut. All of this proposed bond funding is included in SB 840.
|Capital Request ($M)*||FY15||FY16||FY17||FY18||FY19||FY20||FY21||FY22||FY23||FY24|
|Academic & Research Facilities||45.0||60.0||90.0||120.5||128.0||187.0||97.0||45.5||68.0||29.0|
|Residential Life Facilities||20.0||20.0||12.0||20.0|
|Parking Garage # 3||30.0||33.0|
|Stamford Campus Housing||5.0||5.0|
|Total Request ($M)||147.5||185.5||167.4||233.6||251.0||269.0||191.5||144.0||112.0||73.5|
* Amounts shown are annual increments and include the reallocation of existing UCONN 2000 funds.
A Wise Investment
Why does the University need an additional infusion for Next Generation Connecticut?
Due to chronic under funding, UConn focused UCONN 2000 and 21st Century UConn on numerous teaching facilities, general utilities, information technology, residence halls, and infrastructure. Additionally, the University constructed science facilities, including the new Chemistry, Information Technology, Pharmacy/Biology, Marine Sciences, and Agriculture Biotechnology buildings. Furthermore, the University renovated a number of current facilities for Life Sciences, Biobehavioral Science, Education, and Nursing. The University has major projects underway, including our new Engineering and Psychology buildings, and the renovation of our Agricultural research facilities.
While these University-wide investments have allowed us to increase STEM enrollment by 115 percent, UConn must do more to produce many more STEM graduates to meet workforce shortages and drive discoveries that will fuel Connecticut’s long-term economic growth.