YSU Board of Trustees OK $156.3 million general fund budget for fiscal year 2013

The Youngstown State University Board of Trustees on Wednesday approved a $156.3 million general fund budget for fiscal year 2013.

The FY 2013 budget is 1.5 percent or $2.4 million less than the FY 2012 budget.

YSU’s state allocations will drop by $1.1 million in FY 2013. That’s on top of a $7 million reduction in FY 2012. Ten years ago, state funding made up 50 percent of YSU’s general fund budget. Now, the state funds only 25 percent.

The FY 2013 budget includes a pay freeze for all employee groups, increased employee contributions for health insurance and the continuation of $3 million in reductions in operating expenses. In addition, through an early retirement incentive plan for staff and a separation incentive for faculty, the positions of more than 100 retirees have been left vacant, saving $5 million.

The budget also includes a $130-per-semester tuition increase for next academic year.

The Board set tuition at $3,856 a semester for full-time undergraduate students living in Ohio, or $7,712 a year. Even with the increase, YSU’s tuition will remain the lowest among Ohio’s 11 public, comprehensive universities – and is projected to be $2,220 below the average for public, comprehensive universities across the state. See tuition chart at end of release and at http://cfweb.cc.ysu.edu/ta/download.cfm?id=1863.)

“In these difficult economic times with continued reductions in state funding, we have carefully developed a spending plan that allows us to live within our means and to continue to invest in high-quality academic programs, faculty and facilities,” YSU President Cynthia E. Anderson said. “We are committed to ensuring that YSU is the best value among public universities in Ohio.”

Other undergraduate tuition costs approved by the Board of Trustees include:

  • For full-time students living in the eight-county region that represents the Western Pennsylvania Advantage area, tuition will increase by $131 to $3,961 a semester.
  • For full-time students living in the 15-county regional service area in Pennsylvania, New York and West Virginia, tuition will go up $130 to $5,269 a semester.
  • For full-time, out-of-state students living outside the regional service area, tuition will increase $130 to $6,834 a semester.

In addition, tuition for full-time, in-state graduate students will increase $174 to $5,128 a semester, while full-time, out-of-state tuition for graduate students will go up $174 to $5,234 a semester.

Ohio Comprehensive Public Universities*
Annual Undergraduate Tuition, FY 2013 Projections**

Youngstown State University: $7,712
Wright State University: $8,352
Cleveland State University: $9,238
University of Toledo: $9,317
Kent State University: $9,673
University of Akron: $9,879
Statewide Average $9,932
Ohio State University: $10,076
Ohio University: $10,284
Bowling Green State University: $10,395
University of Cincinnati: $10,784
Miami University: $13,539

*Comprehensive universities include public institutions in Ohio that confer baccalaureate, masters and doctoral degrees.
**FY 2013 tuition projections are based on a recent survey of IUC campuses and are subject to revision and approval of each institution’s board of trustees.

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