State budget testimony by the ARC

Available here:

At this point a 6% cut is proposed to all of SU’s rates from the state for the coming fiscal year, to begin July 1.  This is based on the governor and Senate’s revenue projection of $34 billion.  If the state uses the House’s revenue project of $33.2 billion, the cuts may be worse.  And the state only saves 3% from the 6% cut, just half the money, because the other half of the money is match money from the federal government, which we as a state will just be giving up.  The 6% cut would be around $100,000 for SU.  We’re not ready to think about the impact of that at this point.


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