WSU Board of Regents approves FY2024 supplemental operating budget request
The university is expected to submit its finalized budget request to the state’s Office of Financial Management by Sept. 13.
The university is expected to submit its finalized budget request to the state’s Office of Financial Management by Sept. 13.
Classified staff at WSU are set to receive a 4% salary increase effective July 1. A 2.5% salary increase for faculty and administrative professionals will be going into effect Oct. 1.
The department is anticipating an $11.5 million budget deficit for fiscal year 2023 due to a combination of Pac‑12 Conference and other revenue shortcomings as well as expense overruns.
The committee will continue the next phase of the work of the Executive Budget Council in further refining the university’s ambitious new budget model.
WSU is asking campuses, colleges, and units to plan for a 6% reduction in core fund budgets amid continuing efforts to maintain the university’s fiscal health during a period of enrollment and tuition revenue declines.
Alongside requests related to employee compensation, the university is also seeking funding for new degree programs during the Washington State legislative session that begins next week.
The university’s request included $34.5 million to fund a 4% compensation increase for faculty and staff the first year of the biennium and a 3% increase in the second year.
WSU’s work with the legislature resulted in $7.5 million to support compensation enhancements in the 2022 supplemental operating budget.
A $15.5 million supplemental operating budget request for 2022 was approved by the Washington State University Board of Regents Nov. 19.
The budget request acknowledges the tremendous fiscal challenge the state faces in the wake of the COVID‑19 pandemic.