Board of Regents Strategic Goals
- Contribute to Alaska’s economic development & skilled workforce
- Commit to academic excellence and student success
- Grow our world class research
- Promote diversity, equity and inclusion in students, faculty and staff
- Operate Cost Effectively
Operating Budget Request - $280.7M
- Includes a modest 3 percent adjustment, approximately $8 million.
- Less than the projected operating cost increases for FY23 estimated at $11 million.
- Includes a modest compensation adjustment, only the second in five years.
Capital Budget Request - $70M
- $50 million for critical deferred maintenance, including the replacement of 50-year-old sanitation infrastructure at UAF’s Moore/Bartlett student housing; heating, safety and mechanical system improvements at multiple UAA facilities; and a roof and fuel tank replacement at UAS.
- $20 million for the modernization of student IT systems
- This one-time investment would allow UA to transition to a cloud-based, modern student information system to remain competitive.
ARPA Investments For Economic Recovery
- Areas for strategic economic investment where our universities can partner with the state, including health, critical minerals, oil and gas recovery, unmanned aerial vehicles, mariculture, and alternative energy.
- The economic development investments focus on areas in which the university system has a deep base of expertise and that the state has identified as priorities.
- Seeking State discretionary funds available through federal economic recovery programs for these initiatives.
Technical Vocational Education Program Reauthorization
- Program is funded annually from a portion of unemployment insurance contributions
- UA receives 45% of program dollars, $5.8M in FY21
- Funds high-demand career and technical training such as mining, oil & gas, health care, construction, and IT
Higher Education Investment Fund
- Preserve full funding of these important programs:
- Alaska Performance Scholarship program ~ $12M
- Alaska Education Grant ~ $6M
- WWAMI Medical School program ~ $3M
- Expansion of dual (high school and UA) enrollment opportunities statewide
Other Key Legislative Priorities:
UA is still due approximately 360,000 acres of land grant entitlement
The Education Tax Credit provides a significant public benefit for Alaska by incentivizing private companies to invest in education.