MEDIA CONTACT: Kristine M. McGrath
2007-08 Budget Provides Record-Setting Funding for FAU
BOCA RATON , FL (May 24, 2007) – The $71.5 billion budget signed by Governor Crist today provides record-setting funding for Florida Atlantic University. FAU aligned its top priorities with the greatest needs of the state of Florida and the goals of the Board of Governors, including workforce development, and increased research and biotechnology activities.
“In light of the more difficult economic environment in Tallahassee, I am pleased to see that FAU fared extremely well overall,” said FAU President Frank T. Brogan. “Special thanks are due to all who worked so hard during the past legislative session and throughout the year on these very important issues.”
Some highlights of the 2007-08 budget include –
- The FAU/University of Miami Miller School of Medicine Regional Medical Program received $4.7 million in recurring funding. This allows the regional medical campus to continue to evolve towards it goal of offering all four years of medical education on FAU’s Boca Raton campus, thus increasing the pool of doctors that will practice in the state of Florida who are educated in their own backyards.
- FAU received $6 million to assist in the research taking place in partnership with Torrey Pines.
- Funding was received to assist FAU in its acquisition and operation of Harbor Branch Oceanographic Institution (HBOI). The university received $8.5 million in recurring funds to operate the institution. In addition, $44,641,984 was received in PECO funding for renovation and new space on the HBOI campus.
- The total PECO allocation for FAU is $95,886,454, the largest PECO allocation in university history. This amount includes an allocation for HBOI, a general classroom facility, an engineering building on FAU’s Boca Raton campus, a FAU/UF joint use facility in Davie, an addition to FAU’s College of Arts and Letters, and capital renewal and infrastructure funding.
- FAU received approximately $3 million for enrollment growth to support an additional 255 FTE. This includes 61 lower level, 136 upper level and 58 graduate students. The recent veto of the 5% tuition increase provides a challenge as the university revises and recommends a budget for FAU’s Board of Trustees to review in the summer months.
- The Florida Institute for the Advancement of Teaching, housed within FAU’s College of Education, received $500,000 in non-recurring funds to assist in providing solutions for improving Florida’s PK-20 educational system by recruiting, preparing and retaining quality educators to meet the needs of Florida schools.
For more information, contact Tom Barlow at 561-297-2003 or firstname.lastname@example.org.
- FAU -