The Oklahoma State Regents for Higher Education has released their 2023 budget requests for the 2024 fiscal year. The requests are as follows:

FY 2023 BASE APPROPRIATION: $873,405,911

Supplemental Request and Scholarship Base Adjustment: $7,500,000

FY 2023 BASE APPROPRIATION (AS ADJUSTED): $880,905,911

FY 2024 BUDGET NEED:

1. Legislative Initiatives and Programming: $22,960,474
   1. SB 1418 National Guard Scholarship Program (annualized): $3,500,000
   2. HB 3564 Oklahoma Future Teacher Scholarship and Employment Incentive Program: $17,378,500
   3. Concurrent Enrollment for All High School Seniors and Juniors: $2,081,974
2. Critical Workforce Needs: $26,325,000
   1. Healthcare Workforce Critical Needs: $20,000,000
      1. Nursing Direct Instruction and Workforce Needs Response: $10,000,000
      2. Medical Residents and Other Professional Degrees: $10,000,000
   2. STEM-Related Fields: $5,750,000
   3. Adult Degree Completion Student Aid Initiatives: $575,000
3. Institutional Excellence and Student Success: $49,306,497
   1. Performance-Based Allocations: $36,706,497
   2. Student Support/Career Services Reinvestment: $5,000,000
   3. Institution Collaboration and Consolidation Assistance Fund: $5,000,000
   4. OSRHE Institutional Shared Services Initiatives: $600,000
   5. OSRHE Data Analytics, Digital Transformation and Cybersecurity: $2,000,000
4. Capital Funding: $6,500,000
5. Campus Security Systems Improvements/Obsolete Structure Demolition: $6,500,000

FY 2024 TOTAL BUDGET NEED: $985,997,882

• $ Difference from FY 2023 State Appropriation (as adjusted): $105,091,971
• % Difference from FY 2023 State Appropriation (as adjusted): 11.9%

See the Oklahoma State Regents for Higher Education website for more details and a printable handout.

Maci Majors