State lawmakers approved a higher education budget last week that includes a 7.6 percent partial restoration of funding for Central Michigan University. Carol Haas, director of Financial Planning and Budgets says that translates to an additional $5.6 million for CMU, with a total appropriation of $79.1 million.
While the partial restoration is welcome, CMU still is shy of the $90 million in state appropriations it received in 2001-02.
CMU was among the top three universities to see the largest percentage increase in state funding. Ferris State University also received a 7.6 percent boost while Grand Valley State University received 9.2 percent. Gov. Snyder is expected to sign the bill.
The budget also keeps CMU's MPSERS contribution at current levels. The university reimburses the state's retirement fund $11.3 million annually. MPSERS is the Michigan Public School Employees Retirement System, a statewide public employee defined benefit plan serving members from 551 K-12 districts, 70 public school academies, seven universities, 28 community colleges, 57 intermediate school districts and 11 libraries.
State appropriations account for about 17 percent of CMU's revenues while tuition contributes 56 percent.
According to the Business Leaders of Michigan, CMU administrative spending is the lowest among all Michigan public universities while the percentage of budget spent on instruction is the highest.