Joined by students, leaders in business and agriculture, and other supporters, University of Nebraska President Hank Bounds, Ph.D., and Board of Regents Chairman Tim Clare on Monday asked the legislature’s Appropriations Committee to invest in the future of the state by supporting affordable, quality education for NU’s 52,000 students.
In testimony before a full hearing room that included regents, all NU chancellors, students, business leaders and community members, Dr. Bounds likened investment in the university to investment in the long-term economic growth of the state, noting that NU students represent Nebraska’s future farmers and ranchers, nurses and doctors, teachers, scientists and entrepreneurs.
“Your university is ready to run faster, to be more nimble, to be bigger and bolder and more creative about producing the workforce, the research and the economic activity you need to grow this state,” Dr. Bounds told committee members. “We need your partnership to do it.”
“I am asking you to find a way to make the University of Nebraska a priority for the state . . . Help us turn the corner so we can help you build a future that our children and grandchildren will be proud of.”
The university is seeking state funding increases of 3 percent and 3.7 percent in the next two years. That minimal request would not meet all of the university’s needs, but it recognizes the fiscal stress Nebraska has faced in recent years, Dr. Bounds noted. It also comes on the heels of three rounds of state funding cuts in the past biennium that required the university to address a $55 million budget gap through administrative cuts, programmatic reductions and other steps.
Both Gov. Pete Ricketts and the Appropriations Committee have initially recommended funding the salary and health insurance portion of the University’s request, but not utilities or general inflationary costs. Dr. Bounds expressed gratitude to the Governor and Committee for the initial support and to Chairman John Stinner, Vice Chairwoman Kate Bolz and the Appropriations Committee for their leadership in supporting affordability and quality at the university. The initial recommendation would create a $4.9 million shortfall over the 2019-21 biennium.
The committee will now have an opportunity to make adjustments to its budget before advancing a final recommendation to the full legislature for debate.
Both Dr. Bounds and Clare highlighted the significant momentum across NU campuses, including the university’s fourth-highest enrollment in history, record levels of research funding and unprecedented public-private partnerships. Dr. Bounds praised chancellors, their leadership teams and faculty for “resisting the urge to hunker down” during difficult budgetary times and instead staying focused on the future.
Said Clare: “While this is not the kind of growth budget we wish we could be discussing, our request does enough to keep the University of Nebraska whole so that we can continue to plan for the future, keep tuition affordable, and produce the workforce and economic activity that our state needs.”
Looking ahead, Dr. Bounds said the university will continue to focus on meeting the state’s critical workforce needs — a theme echoed by business leaders who spoke in support of investment in the university.
Solving the challenge starts with continuing the state’s tradition of providing affordable, accessible education to Nebraska students and families, Dr. Bounds said.
“The needs of our workforce are urgent and growing, starting with the 35,000 annual openings in high-skill, high-demand, high-wage jobs that Nebraska will have in the years ahead,” Dr. Bounds said, noting that more than two-thirds of those jobs will require higher education. “Every day that we don’t invest in the recruitment and retention of talent is another opportunity for promising young people, skilled workers and successful companies to go elsewhere.”
“The needs of the state are too great, too pressing, not to invest in the University of Nebraska. We have the opportunity, together, to build the future we want for our state.”