|October 18, 2002
Contact: Jeanie-Marie Price, 503-725-3773
State Board of Higher Education Approves Budget
In their first meeting of the year, the Oregon State Board of Higher Education approved the 2002-2003 budget allocations among the campuses. The Board was informed of the proposed tuition surcharges and related budget reductions that will occur on campuses if the January election issues fail.
The tuition surcharge and related budget reduction proposals will occur if the January ballot measure on income taxes fails, placing an additional $26.9 million in cuts on the System. If taken, these cuts would be in addition to the $52 million in cuts already taken by the System in this biennium, bringing the total of the cuts to $78.9 million, 9.5% of the total OUS budget.
Of the possible tuition increases Vice Chancellor for Finance and Administration Tom Anderes said, "If we are faced with getting through the year on a further reduced budget, then each of the campuses need to have the ability to generate some level of revenue."
In other business:
· The Board approved a Graduate Certificate in Healthcare Management at Oregon Health & Science University and a B.A./B.S. in Media Arts at Eastern Oregon University.
· The Board took action allowing Portland State University's agreement with the Portland Development Commission (PDC) to transfer ownership of the car pool lot to the PDC in exchange for $5 million and a transfer of a $2.3 million in interest in the PCAT building to the PDC. The board also took action allowing Portland State's purchase of property on North Macadam in downtown Portland.
· The Board approved Oregon State University's request to seek additional legislative expenditure for $700,000 for the Hinsdale Wave Research Lab and Southern Oregon University's request to approach the legislative Emergency Board for an additional $5 million of expenditure limitation for issuance of Lottery Bonds. The Board also approved travel reimbursement rates for employees, as well as non-employees that serve the OUS campuses.
· The Board approved three items that were referred by the Executive Committee: Portland State's Urban Housing Lease Extension; the OUS Audit Charters; and the Resolution-Refunding Bond Sale.