Regents to vote today on 2020-21 budget

The CU Board of Regents will meet today to vote on the university’s FY 2020-21 budget, which is expected to reflect steep cuts brought on by the coronavirus pandemic.

The meeting will be conducted remotely via Zoom and livestreamed here. The public portion of the meeting, which follows an executive session, is scheduled to begin at 1 p.m.

The board last month voted to hold tuition flat and to eliminate compensation increases for faculty and staff. Pay cuts via furlough and some layoffs have since been announced across the system. State lawmakers this week set next year’s budget, which must be approved by the governor to take effect July 1. The legislature’s “long bill” calls for a $3.3 billion cut from the $13 billion general fund; state higher education institutions’ share of the cut is $598 million.

Today’s agenda also has the regents considering recommended changes to laws and policies, the approval of new degrees and certificates at CU Boulder and UCCS, an update on CU Denver’s pursuit of designation as a Hispanic-Serving Institution, and the election of board chair and vice chair for the coming year.