University of Connecticut University of UC Title Fallback Connecticut

Funding

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A Shared Responsibility

The State of Connecticut is uniquely poised for seizing the opportunity that Next Generation Connecticut affords us. As the state’s flagship university, UConn plays an important role in educating our future leaders, and being a key driver in economic development.

While there is a major 10-year capital component of this initiative that stretches out the UConn 2000 program until 2024 that is outlined in PA 13-233An Act Concerning Next Generation Connecticut, there is also an operating budget component.

The commitment to Next Generation Connecticut is a shared fiduciary responsibility. Capital and operating funding for Next Generation Connecticut will be allocated incrementally between FY15 and FY24. Additionally, UConn has committed significant institutional resources to launch Next Generation Connecticut by reallocating UConn 2000 funds for the building program and $121M in operating funds by 2024 to support the academic program components.

Public Acts 13-184 and 14-47, An Act Concerning Expenditures and Revenue for the Biennium Ending June 30, 2015, appropriated $15 million of operating funds in FY15 for this initiative.  Future operating funds beyond FY15 are subject to the annual appropriations approval process.  The total State request for operating funds by FY24 is $137 million.  It is important to note that no operating costs will be paid for through bond funds.

Below is a summary of the Next Generation Connecticut capital funding by major category which includes the reallocation of existing funds:

  • Academic & Research Facilities: $841.4M
  • Deferred Maintenance: $580.1M
  • Residential Life Facilities: $172.5M
  • Parking Facilities: $70.0M
  • Equipment: $172.6M
  • Regional Campuses: $152.0M

 

A Wise Investment

Why does the University need an additional infusion for Next Generation Connecticut?

Due to chronic underfunding, UConn focused the UConn 2000 program on numerous teaching facilities, general utilities, information technology, residence halls, and infrastructure. Additionally, the University constructed science facilities, including the new Chemistry, Information Technology, Pharmacy/Biology, Biology/Physics, Marine Sciences, and Agriculture Biotechnology buildings. Furthermore, the University renovated a number of current facilities for Life Sciences, Biobehavioral Science, Education, Psychology, and Nursing. The University has major projects underway, including our new Engineering and Science building, and the renovation of our Agricultural research facilities.

While these University-wide investments have already allowed us to increase STEM enrollment by 115 percent, UConn will continue to produce many more STEM graduates to meet workforce shortages and drive discoveries that will fuel Connecticut’s long-term economic growth.