NYS Budget Update
Dear Colleagues:
As you may know, on May 28, 2026, the State of New York and Governor Kathy Hochul
adopted the 2026-2027 budget. This year’s budget includes a number of important financial
and regulatory changes that will directly impact SUNY and Farmingdale State College,
and we have been working closely with our colleagues in Albany to determine the specific
impacts on our campus operation.
The following are a few details that I can currently share:
- Continuation of a multi-year trend of direct investment in SUNY, including an additional
$54 million for base operating support to be spread among 29 state-operated campuses
- A $750 million capital allocation to be managed through the State University Construction
Fund and distributed by formula and on basis of critical need
- Additional support for EOP and ASAP/ACE – specific amounts are to be determined for
each institution
We will soon provide an update with additional budget information. In the meantime,
staff in the FSC finance office have been working diligently on this year’s campus
budget and will follow up with vice presidents over the next two weeks to share the
details of each divisional budget. Continued economic pressure coupled with flat tuition
over the last seven years have strained our already limited financial resources. As
we enter the new fiscal year, I ask that each of us maintain an awareness of fiscal
responsibility and view our campus budget process as an opportunity to think creatively
and look for efficiencies in our operations. Serving as stewards of the public trust,
we work to maximize the value of state tax dollars as well as the hard-earned tuition
money paid by our students each year.
My thanks to Keri Franklin and Kate Calabrese for their continued diligence and outstanding
work.
Gregory O'Connor
Executive Vice President & Chief Financial Officer
