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The U of M is Minnesota’s skilled workforce
The Minnesota State Legislature is scheduled to adjourn on May 21, meaning only 10 more days of session remain. While many issues have come into focus, others are far from resolution, including major topics such as a supplemental budget agreement, a capital investment agreement, and a tax bill to conform Minnesota state law with the recently enacted federal tax bill.
First-year retention rate on the Twin cities campus—the highest ever.
Estimated annual economic impact of U of M research statewide.
Startups launched since 2006
The four-year graduation rate on Twin Cities campus for full-time undergraduates.
Today marks the final committee deadline at the state legislature, meaning all policy and finance bills must have received an affirmative vote in committee or are no longer viable.
Yesterday, the House Republican majority released its budget "targets" for the 2018 session. The targets guide spending decisions by the legislature. The Senate Republican majority has not yet introduced its own budget targets reflecting its priorities. Minnesota Management and Budget projected a $329 million surplus for the state.
This week, the University of Minnesota presented its supplemental budget request before the House and Senate higher education committees. The request is $10 million recurring in the base budget to allow the University to hold tuition flat for in-state undergraduates on all system campuses in the 2018-19 academic year. President Eric Kaler, Vice President for Finance and Operations Brian Burnett, and several undergraduate students testified in this week's hearings. We now await the legislature's budget "targets" to determine if there will be any additional resources available for higher education and other budget areas.