Governor’s 2016-17 Budget

Posted on Wednesday, April 27th, 2016 by Nikki Baker under Updates. Tags: , ,

On Wednesday April 27, Governor Pat McCrory released a $22 billion budget adjustment plan for 2016-17 outlining his financial priorities for the year.

View the full proposal here: Governors Recommended Budget for 2016-17 (UNC System portion begins on page 49).

Additional context is provided in the Governor’s overview and summary presentation.

Proposals of interest to the University include:

  • full funding of the System’s enrollment growth request
  • one-time compensation bonuses for State employees (SHRA), capped at $3,000
  • $3 million contribution to the UNC Faculty Recruitment and Retention Fund in strategic compensation allocations
  • $5 million in Lottery funds to establish new merit scholarships for in-state undergraduate students in STEM and Health disciplines

Supplemental budget provisions are expected to be released  next week. 

The budget now moves to the N.C. House for additional consideration.