Budget request reflects increase in degrees, economic development commitment

August 1 2008

Indiana State University trustees approved a preliminary two-year budget request Thursday (July 31) that reflects an increase in the number of degrees awarded and an expanded commitment to economic development.

The $283.1 million request for fiscal years 2010 and 2011 includes a $1.5 million increase in the university's funding base for the first year and $450,000 the second year.

The increases reflect changes in the state's higher education funding formula to account for growth in off-campus enrollment and the awarding of more bachelor's degrees as well as funding for the Center for Business Support and Economic Innovation, an ISU initiative launched in 2007 to support new or expanding businesses that provide hands on experience for students.

The budget now goes to the Indiana Commission for Higher Education and the State Budget Agency.

Trustees also approved a new fee for an expanded new student orientation program.

"While much progress has been made in making orientation a comprehensive and fulfilling program for both students and parents, the current length of the program does not permit us to accomplish as much as we would like. Having this added financial resource will enable us to immediately begin the process of planning a more engaging and informational two day program," said John Beacon, vice president of enrollment management, marketing and communications.

"The additional time will allow for more student-to-student interaction, more time for families to meet with financial aid officers and more time for students to meet with advisors," Beacon said.

Trustees approved a new $100 fee for new students to cover the increased costs of the expanded program, which will also enable students to register on-line for one of 15 sessions at different times.

In other action, ISU trustees:

- Approved a $50 "immobilization fee" allowing the Office of Public Safety to place locking boots on the wheels of vehicles whose drivers accumulate more than five parking citations during a single academic year. While cars can still be towed when necessary, immobilization will provide a less costly and more convenient alternative to towing in many cases, according to Tom Ramey, vice president for student affairs.

- Directed new ISU President Daniel Bradley to create a campus diversity committee that will make recommendations on employment policies and policies related to recruitment and retention of minority students.

- Elected board officers for the coming year, with Alley re-elected as president and Ron Carpenter re-elected as vice president. R. Brooks LaPlante was selected as board secretary while Norman Lowery was chosen as assistant secretary.

Media contact and writer: Dave Taylor, media relations director, Office of Communications and Marketing, Indiana State University, 812-237-3743 or dave.taylor@indstate.edu  

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Story Highlights

ISU trustees have approved a preliminary two-year budget request of $283.1 million that reflects an increase in the university's funding base to reflect an increase in the number of degrees and a new economic development initiative.

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