Special Reports

State House Reports

Special State Report - Summary of FY 2018-19 Biennial Budget

Summary of Enacted Biennial Budget

Introduction

The state’s biennial budget was enacted in the final minutes of the legislative session, culminating many months of deliberations by General Assembly members and legislative staff and nearly a year-long effort by IU staff in preparing and submitting IU’s biennial request and following it through the budget enactment process.

Operating Appropriations

  • For all institutions collectively, operating appropriations will be increased by 1.25% in FY 2018 and 2.5% in FY 2019 above the FY 2017 appropriations levels.   
  • Because of IU’s generally strong results on the performance funding formula and due to the addition of new funding for the Fort Wayne Health Sciences program, IU will receive a 1.8% increase in state operating appropriations in FY 2018 and 4.1% in FY 2019 over the FY 2017 appropriation level.  Thus, IU received a higher increase than most institutions.
  • IU line item appropriations are not increased above the FY 2017 appropriation levels, except dual credit funding due to growth in credit production.
  • The new Fort Wayne Health Sciences program is funded at $2.85 million for start-up funds in FY 2018 and $4.85 million for operating funding in FY 2019, as requested by IU.

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Capital Projects

  • Two of IU’s five requested projects are included in the SAC budget – $78.5 million in bonding authority for the IUB Old Crescent Renovation-Phase III project and $9.75 million in cash for the regional campus deferred maintenance projects.   $3 million is also appropriated for the IUPUI Sports Development Plan.            
  • State R&R funding is funded at $26.3 million for the biennium, as recommended by ICHE.

Next Steps

We expect that Governor Holcomb will sign the budget bill in the days following the session.  Related to the biennial budget is the tuition setting process.  The Indiana Commission for Higher Education plans to set tuition guidelines for academic years 2017-18 and 2018-19 on May 11 and the IU Trustees have scheduled a public hearing and approval of tuition levels for the upcoming biennium at a special meeting scheduled for June 7.