The Board of Trustees of The City University of New York on Monday, Nov. 22 approved a University-wide $2.8 billion budget request to State and City officials, which includes an additional $95.2 million for mandatory needs and $63.1 million for programmatic needs over this year’s adjusted levels.
The request is based upon the University’s financial model, known as the CUNY Compact, which seeks to provide stable funding through a balance of stakeholder responsibilities: public allocations, private philanthropy, operational efficiencies, revenues from increased enrollment and modest, predictable tuition increases to permit families to plan to meet college costs.
