MSU Denver will receive a 14.8 percent increase in its operating budget for fiscal year 2015-16.
March 30, 2015
MSU Denver’s magic number seems to be 14.8 these days.
After receiving approval for an appropriation of $14.8 million from the Joint Budget Committee (JBC) for the Aerospace and Engineering Sciences building on March 20, the University learned it will receive a 14.8 percent increase in its operating budget for fiscal year 2015-16. The actual dollar amount of that increase will be determined when the JBC finalizes the state budget by the end of the current legislative session on May 7. While the total amount MSU Denver will receive in state funding is not yet known, the University’s budget increase represents the largest percentage increase of any Colorado higher education institution.
In other legislative news, a contingent of approximately 10 MSU Denver aerospace students represented the University and witnessed the proclamation of Colorado Aerospace Day on March 23 at the state Capitol. The students staffed a booth that showcased their various projects, and mingled with aerospace workers, many of whom are University alumni.
According to the Colorado Space Coalition, Colorado is first in the nation for per-capita aerospace employment: Colorado employs nearly 170,000 in space-related jobs and has nearly 500 aerospace companies and suppliers. The industry generates an annual payroll of $3.2 billion.
Look for future legislative updates in The Daily.