Sample of a title slide

1
Sample of a title slide

• Title slide sub head

The Importance of Increasing Opportunities in
Higher Education for Colorado's Growing Latino
Population
Town Hall Meeting What does 10 million in
reductions mean? May 7, 2009
President Stephen M. JordanWhy HSI? Town Hall
Meeting Tivoli Turnhalle April 19, 2007
2

• If your time to you is worth savin, then you
  better start swimnin, or youll sink like a
  stone, for the times they are a changin.
• --Bob Dylan The Times They Are a Changin

3
Looking back2009 legislative wrap-up
4
Looking backMetro State celebrated many triumphs

• HB 1295, authorizing us to offer Masters degrees
  passed, a historic moment for the College.
• The JBC approved Metro State pursuing
  construction on both the Student Success Building
  and the Hotel Learning Center.
• SB 295 higher education flexibility bill
• HB 1362 special districts bill
• SB 228 6 percent limit bill

5
What does this all mean?

• We have two years to fully implement reducing
  our general fund appropriation budget by 20
  percent or 10 million.
• Another state economic forecast will be released
  in June, which means there could be additional
  cuts.
• The legislature could be back for a special
  session to discuss this.

6
Right-sizing Metro State

• While our priorities remain the same, I am
  having dialogue with the Vice Presidents on
  different options that will help us address these
  permanent cuts.

7
Right-sizing scenarios

• Tiers I, II and III
• Capping enrollment
• Increasing tuition
• Reductions and realignments in academic and
  nonacademic programs

8
Tier I, Tier II, Tier III

• The dollar amounts in Tier I, II and III cuts
  that I announced earlier are foregone
  conclusions.
• However, I am reviewing with the
• vice presidents the options to
• buy back cuts in tier reductions
• with other monies in the respective
• VPs division, and with tuition.

9
Capping enrollment

• We are looking to enroll 500 fewer students by
  accepting 1,124 fewer students.
• Align financial aid with academic progress.
• Place registration holds on students with 90
  credits who
• havent completed level I
• general studies.
• Accept no transfer students
• who have not completed
• remedial work.
• While nothing is final yet, these strategies
  being discussed are in line with our commitment
  to student retention.

10
Increasing tuition

• Implement the maximum 9 percent increase as
  approved by the legislature.
• This would result in
• An additional 4.7 million in tuition revenues
  using flat enrollment.
• And a 3.7 million increase on top of that if
  enrollment growth projections of 6 percent for
  residents and 10 percent for non-residents are
  realized.
• We are also exploring differential tuition
  options for implementation in the 10-11 academic
  year.

11
Academic and nonacademic programs

• We are looking at ways to reduce positions,
  realign programs or substitute technology for
  labor.
• I am committed to maintaining and growing our
  full-time tenure-track faculty.
• I will not stop hiring full-time faculty, like
  was done during the last budget crisis in 2001.

12
Stimulus money

• Metro State will receive 9.9 million in
  stimulus funds. The primary use of these dollars
  will be for two-year positions.

13
Voluntary salary reduction

• In the executive session of yesterdays BOT
  meeting, I announced to the Trustees that I would
  like to voluntarily reduce my salary by 3
  percent. The Trustees accepted this offer, and
  this will go back into our general fund
  appropriation.

14
Metro State priorities

• Achieving designation as an Hispanic Serving
  Institution
• by 2015
• Becoming an urban land-grant institution
• Continuing to increase full-time tenured and
  tenure-track faculty
• Building the Student Success and Hotel Learning
  Center of the Metro State Neighborhood
• Focusing on student retention
• Initiating a major-gifts campaign to be launched
  once the economy improves
• Professional development of faculty and staff
• Launching the masters programs

15
Frequently asked questions

• Will there be furloughs?
• Will we receive salary increases or equity
  adjustments?
• Will the states revenue fall even shorter?
• Will employees be asked to reduce their salaries?
• What are the next steps for the Metro State
  Neighborhood?

16

• Nothing is permanent but change.
• --Heraclitus (c.535475 BC)

17
Other questions?
18
(No Transcript)