{"55033":{"#nid":"55033","#data":{"type":"news","title":"Governor Supports USG in Revenue Estimate","body":[{"value":"\u003Cp\u003EGovernor Perdue showed significant support for the University System in his revised FY2011 revenue estimate and budget recommendations released on March 11th.\u0026nbsp; Partially quelling statewide fears, the governor called for a $117 million additional reduction to the USG FY2011 budget, a figure significantly less than the additional $300 million proposed by some lawmakers as a \u201cworst case scenario\u201d figure.\u003C\/p\u003E\u003Cp\u003EThe updated estimate and recommendations came following the February revenue report that showed a nearly 10% decline in state collections over the same month in 2009.\u0026nbsp; Governor Perdue reduced the overall estimated revenue collections for the coming fiscal year by $443 million. \u003C\/p\u003E\u003Cp\u003EDespite the degrading revenue situation, the governor showed commitment to lessening the burden on the state\u2019s colleges and universities.\u0026nbsp; At this new reduction level, Perdue retained the original USG request for an additional $113 million in formula funding but requested that \u201cB units,\u201d including ATDC and GTRI, take an additional reduction of 3% with most other state agencies.\u0026nbsp; The formula funding is a legislative priority for Georgia Tech and the University System this session.\u003C\/p\u003E\u003Cp\u003E\u201cWe\u2019re pleased that the governor has made his support of the University System well-known and believes in the potential of our colleges and universities to vastly improve our state and its economy,\u201d said Dene Sheheane, Executive Director of Government and Community Relations. \u003C\/p\u003E\u003Cp\u003EGovernor Perdue has not been the only Georgian to make his support of the USG known publicly.\u0026nbsp; Following the release of the University System\u2019s proposal about how it might cope with an additional $300 million cut, citizens and students from across the state were quick to voice their opposition to dramatic budget cuts. \u0026nbsp;\u003C\/p\u003E\u003Cp\u003EGeorgia Tech students were among those quick to speak out.\u0026nbsp; Led by Student Body President Alina Staskevicius, members of the Student Government Association met with the Speaker of the House and Governor Perdue\u2019s senior staff while members of the general student body rallied and contacted their legislators. \u0026nbsp;\u003C\/p\u003E\u003Cp\u003EThe FY2011 budget continues to rest in the House Appropriations Committee awaiting action.\u0026nbsp; Appropriations subcommittees are expected to go back to work this week on the FY2011 proposals taking the updated revenue estimate and recommendations into account. \u003C\/p\u003E\u003Cp\u003EGovernor Perdue also released an updated revenue estimate for the remainder of FY2010 on March 11th.\u0026nbsp; He estimated that collections for the remainder of the year would be down by $343 million, forcing additional reductions in the Amended FY2010 budget that is still in conference committee.\u0026nbsp; The University System is expected to avoid further cuts from this depressed estimate due to a transfer of federal stimulus funds that were originally earmarked for next year.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":[{"value":"Revision of recommendations includes less severe USG cut, maintains formula funding growth"}],"uid":"27331","created_gmt":"2010-03-22 12:22:11","changed_gmt":"2016-10-08 03:05:45","author":"George Ray","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2010-03-22T00:00:00-04:00","iso_date":"2010-03-22T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"40726":{"id":"40726","type":"image","title":"Georgia Governor Sonny Perdue","body":null,"created":"1449174231","gmt_created":"2015-12-03 20:23:51","changed":"1475894354","gmt_changed":"2016-10-08 02:39:14"}},"media_ids":["40726"],"groups":[{"id":"47398","name":"GCR (Office of Government and Community Relations)"}],"categories":[],"keywords":[{"id":"7784","name":"Georgia General Assembly"},{"id":"8300","name":"Georgia Tech Office of Government and Community Relations"},{"id":"3358","name":"Governor"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003E\u003Cstrong\u003EGeorge Ray\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EProgram Specialist for Government Relations\u003C\/p\u003E\u003Cp\u003E\u003Ca href=\u0022mailto:george.ray@gatech.edu\u0022\u003Egeorge.ray@gatech.edu\u003C\/a\u003E\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}