The Fiscal Year 2024 budget passed Wednesday by the General Assembly includes an additional $66 million decrease in state funding, a cut that will impact teaching budgets, staff and students across the state. The decision comes as 20 of the University System of Georgia (USG)’s 26 public colleges and universities are already set to receive less money next fiscal year under the state’s funding formula due to enrollment declines. The budget impact on those 20 institutions under the funding formula means they already face a loss of $71.6 million in state funds for FY24. The additional $66 million would come on top of those reductions. The impact of the additional $66 million reduction by institution is shown in the chart below.
