![]() The search committee will meet next week, and he anticipates a successor being selected and announced soon. Welch said three days of interviews were completed with three chancellor candidates at ASU-Mountain Home to succeed Robin Myers, who is retiring after 11 years at ASUMH and 34 years in higher education. ![]() But he expressed gratitude that higher education in Arkansas has not experienced funding reductions like other states have. Welch noted that, unlike K-12 school districts, higher education receives no annual state funding increases for salaries, health insurance, capital projects, utilities or deferred maintenance. ![]() Tuition and fee rates will rise 6.3 percent at ASU-Beebe, 4.8 percent at ASU-Mountain Home, 4.3 percent at ASU Mid-South, 5.7 percent at ASU-Newport and 6.4 percent at ASU Three Rivers. Henderson budgeted $41.5 million, which is a decrease of $10 million or 19.4 percent compared with a year ago, with no increase in tuition and fees. Campuses reallocated funds and focused on taking care of existing employees rather than adding employees, he said, and tuition rates keep ASU System institutions “in the middle of the pack” when ranking Arkansas four-year and two-year colleges.įor FY2024, Arkansas State in Jonesboro budgeted $210.9 million, an increase of 1.7 percent compared with last year, with a 4 percent increase in annualized tuition and fees. “We have to think about the impact on students and families, but also everyone in the room because through Covid-19 we haven’t been able to reward faculty and staff.”ĭuring questions from trustees, Welch said in most cases the tuition and fee revenue increases did not cover the increased cost of minimal raises for faculty and staff. “One of the most challenging and difficult decisions that we ask trustees to make regards tuition and fees,” Welch said. Campuses kept increases below both the Consumer Price Index and Higher Education Index inflation levels, he added. Interest or earnings on moneys deposited in the Fund are credited to the Rebuild Iowa Infrastructure Fund.BEEBE - The Arkansas State University System Board of Trustees today approved a $338.8 million budget, as well as tuition and fees, for 2023-2024 at its seven institutions.Īt a regular meeting on the ASU-Beebe campus, System President Chuck Welch noted the overall system budget is 0.4 percent lower than last year and that system institution budgets remain below pre-Covid levels. The balance in the Economic Emergency Fund may be used in determining the cash position of the General Fund of the State for payment of state obligations. However, starting in Fiscal Year 2012, there is a standing appropriation from the fund to the Executive Council to pay for performance of duty claims approved by the Executive Council. The moneys in this fund may be appropriated by the General Assembly for emergency expenditures. If the amount of moneys in the Iowa Economic Emergency Fund is greater than the maximum balance, the excess is required to be transferred to the General Fund. The maximum balance of the fund is the amount equal to 2.5% of the adjusted revenue estimate for the fiscal year. The monies in the fund do not revert to the General Fund, unless and to the extent the fund exceeds the maximum balance. The Economic Emergency Fund is separate from the General Fund of the State and the balance in the fund is not considered part of the General Fund.
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