Budget Process Update
The Recent Trend in State Support
The recent trend in state support of Missouri’s public institutions has been inconsistent in the past, and while the UM system is slated to receive $3.7million more than it requested, we are careful to not to count our chickens before they hatch. There has been a precipitous decline in appropriations to the University of Missouri system, according to an independent study.
The same study shows an increase in the consumer price index (CPI) while the University has faced a decline of 10.4% in support. It communicates the decline in support and the increase in the consumer price index. The overarching point is that the University of Missouri system schools are cautiously optimistic about the FY 2014 allocation, due to the “feast or famine” shifts in state support over these years. Several issues may cause more uncertainty in the University’s budget, issues such as performance funding, limited capacity to increase tuition and fees, and pressures to reduce costs and increase productivity.