Statement from Chancellor King and SUNY Board of Trustees on Governor Hochul’s FY 2024 Executive Budget Proposal

February 1, 2023

"One year ago, Governor Hochul set a vision for making SUNY the best system of public higher education in the country. Today, she is continuing to follow through on that promise with a roadmap for achieving that vision and furthering SUNY's legacy of equity and excellence for every student.

"No one offers a high-quality education as affordably as SUNY. But just like our partner colleges and universities nationwide, SUNY has been severely impacted by inflation, as well as increased competition for enrollment, faculty, and research dollars. Stronger student services and supports are needed more than ever – services that help students enroll, and ensure their success through completion of their degree or credential so they can enter the workforce.

"We are grateful that the Governor has highlighted the importance of predictable tuition that supports quality education – even while ensuring that 53 percent of SUNY's full-time students do not have to pay tuition after financial aid. Her proposal also provides support to sustain and expand campus operations and programs, historic investments into labs and clinical space, and the first-ever $1.5 billion endowment program to unleash New York's research innovation. We are also grateful for the continuation of the community college funding floor, as well as allowing our 30 community colleges access to the proposed $75 million Transformational Initiatives funding, and the potential to benefit from the first-of-its-kind Digital Transformation Initiative. These investments will allow us to set the foundation for our operations going forward.

"SUNY is the state's workforce development engine. We are grateful the Governor has a deep understanding of our campuses and the unique roles they play in creating economic opportunity and upward mobility. We look forward to partnering with the Governor and our many champions in the Legislature – particularly Leader Stewart-Cousins, Speaker Heastie, and Chairs Krueger, Weinstein, Stavisky, and Fahy – to ensure the state's most significant investment in public higher education in history."

About the State University of New York
The State University of New York is the largest comprehensive system of higher education in the United States, and more than 95 percent of all New Yorkers live within 30 miles of any one of SUNY’s 64 colleges and universities. Across the system, SUNY has four academic health centers, five hospitals, four medical schools, two dental schools, a law school, the country’s oldest school of maritime, the state’s only college of optometry, and manages one US Department of Energy National Laboratory. In total, SUNY serves about 1.4 million students amongst its entire portfolio of credit- and non-credit-bearing courses and programs, continuing education, and community outreach programs. SUNY oversees nearly a quarter of academic research in New York. Research expenditures system-wide are nearly $1.1 billion in fiscal year 2023, including significant contributions from students and faculty. There are more than three million SUNY alumni worldwide, and one in three New Yorkers with a college degree is a SUNY alum. To learn more about how SUNY creates opportunities, visit suny.edu.


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