2024 Session

Budget Amendments - SB30 (Floor Approved)

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NCI - Reinstate Funding in FY 2026

Item 234 #1s

Item 234 #1s

First Year - FY2025 Second Year - FY2026
Education: Higher Education
New College Institute FY2025 $0 FY2026 $3,101,809 GF
FY2025 $0 FY2026 $1,585,041 NGF

Page 264, line 12, strike "$0" and insert "$4,686,850".

Page 264, strike lines 28-31 and insert:

"D. New College Institute shall provide a business plan that includes a customer recruitment and expansion strategy and report on the status of its partnerships with foundations to support the organization to the Governor, the Chairs of the Senate Finance and Appropriations Committee and House Appropriations Committee no later than November 15, 2024. The Governor and Chairs shall notify New College Institute if they have any concerns and if an updated plan and status report should be resubmitted. Funds provided for FY 2026 shall remain unallotted until a final business plan and status report are submitted."


(This amendment reinstates $3.1 million GF and $1.6 million NGF in the second year for the New College Institute. The funding is removed in the introduced budget in the second year.)