2024 Funding Request

FY 2024 Base Appropriations: $1,003,794,375

FY 2025 Budget Need

1. Legislative Initiatives and Programming: $9,475,817
   1. Inspired to Teach Program Full Funding: $8,500,000
   2. Concurrent Enrollment Participation Expansion: $975,817
2. Strategic Funding: $112,922,054
   1. Critical Workforce Needs: $41,500,000
      1. STEM and Other Critical Workforce Degrees and Credentials: $11,500,000
      2. Nursing Direct Instruction and Workforce Needs Response: $10,000,000
      3. Medical Residents and Related Healthcare Degrees: $10,000,000
      4. Adult Degree Completion Outreach and Financial Aid: $10,000,000
   2. Institutional Excellence and Student Success: $71,422,054
      1. Performance-based Allocations (5.0% Increase in Total Allocations): $40,672,054
      2. Risk Management Cost Increase Funds (Preliminary): $12,500,000
      3. Student Support/Career Navigators for Student Success: $12,500,000
      4. Institution Collaboration and Consolidation Assistance Fund: $5,000,000
      5. OSRHE Institutional Shared Services Initiatives: $750,000

FY 2025 Total Budget Need: $1,126,192,246

• $ Difference from FY 2024 State Appropriation: $122,397,871
• % Difference from FY 2024 State Appropriation: 12.2%

Capital and Special Funding: $200,000,000

• One-Time Funding for a Revolving Capital Fund
  • Deferred Maintenance
  • ADA Compliance
  • Campus Security
  • Cyber Security
• Other Special Requirements