Students likely will see only a modest bump in tuition when the state Board of Regents sets rates for the 2012-13 academic year, Adams said at a news conference Thursday.
UGA will be better off financially next year because the state legislature is poised to allocate money to build a new veterinary medicine teaching hospital, and will also appropriate more to UGA and other public colleges under a formula for deciding funding. So-called “formula funding” is based on factors such as enrollment and maintenance costs.
Last year, the legislature did not appropriate the full amount of money called for by that formula. If the legislature had followed the formula, UGA would have received at least $15 million more last year, Adams said. Both legislative chambers also have approved borrowing money to finance construction of a new veterinary teaching hospital for UGA’s College of Veterinary Medicine. The project is estimated to cost about $82 million, including $15 million in private donations. The complex will be built near the intersection of Barnett Shoals and College Station roads.
But for the fourth straight year, the state budget will not provide pay raises for teachers and other UGA workers, which Adams said is his only disappointment.
“It will be my No. 1 priority for next session,” he said. “We’re losing ground to our competitors.”
A joint House-Senate committee will meet to reconcile differences in the two chambers’ budgets before legislators give their final approval and send the budget on to Gov. Nathan Deal for approval.
Adams predicted the Board of Regents will raise student tuition, but less than the board would have without the legislators’ vote to restore formula funding.
“The more legislative support we get, the less pressure is put on tuition,” he said.