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AGENCY TESTIMONY
Progress on financial stabilization efforts
0:20:36
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33 sec
Batista reports on the significant progress made in reducing CUNY's structural deficit through various measures and factors. He highlights the substantial reduction achieved over the past few years.
- Nearly 74% reduction in the overall university structural deficit
- Deficit reduced from $234 million in FY2022 to an estimated $62 million projected for FY2025
- Factors contributing to deficit reduction: expense reductions, additional state aid, and enrollment uptick
Hector Batista
0:20:36
University wise, significant reductions of structured deficit has been realized.
0:20:41
Among those factors leading to decline on the structured deficit are expensive reductions across the university, additional state aid, and enrollment uptick.
0:20:51
The combination of these factors has led to nearly 74% reduction in the overall university structure deficit from $234,000,000 in fiscal year twenty twenty two to an estimated $62,000,000 projected at the end of this fiscal year twenty twenty five as of the first quarter.