The Board of Regents approved the U’s fiscal year 2018-19 budget request of $126.2 million at its October meeting. The request focuses on four areas:
• Student success. Growing the admissions pipeline for underrepresented Minnesota students; advancing the long-term success of students by improving retention and graduation rates, thus making college more affordable; and increasing access to high-demand science, technology, engineering, and math fields.
• Funding Minnesota’s Discovery, Research, and InnoVation Economy Initiative (MNDrive)by supporting research in clean and abundant water; eliminating disparities; cancer care and treatment; and big data.
• Core mission support to ensure academic and operational excellence across all system campuses.
• NRRI Applied Research for Economic Development. Enhancing strategic research programs at Duluth’s Natural Resources Research Institute.
The Board also took action on a $1.6 billion, six-year capital improvement plan and 2017 state capital request. The capital plan advances strategic goals such as repositioning libraries for the 21st century; improving educational and clinical research space for the Medical School and other Academic Health Center colleges; and maintaining and extending the life of the U’s 29 million square feet of infrastructure.
The $317.6 million 2017 state capital request consists largely of projects carried over from the 2016 legislative session, which failed to pass a bonding bill.
For more on the Board of Regents, including minutes and agendas, visit regents.umn.edu.