March 2002 Board Meeting Agenda March 2002 Meeting Minutes Board Reports Index
Governor McCallum recently released the Budget Reform Act of 2002. This bill is designed to address
the budget deficit for 2001-03 that developed after the budget was originally passed last August. I
am extremely pleased to report that the programs HEAB administers are all held harmless in the Governor’s
proposal. No program is eliminated nor is funding decreased. The funding increases included in the
2001-03 biennial budget passed in August are also held harmless. In addition, the proposal includes
a 1.2 million-dollar increase in the UW-WHEG and a $800,000 increase in the WTC-WHEG for 2002-03.
The Governor’s proposal is extremely good news for financially needy college students. This bill will
now need to go through the legislative bill passage process before it can become effective. If you
would like to review a summary of Governor McCallum’s proposed budget adjustment bill please go to
www.wisgov.state.wi.us.
STATE OF WISCONSIN
HIGHER EDUCATIONAL AIDS BOARD
2001-2003 BIENNIAL BUDGET
| PROGRAMS | 2000-01 BUDGET |
FINAL BUDGET SIGNED BY GOVERNOR 2001-2002 |
% OF INCREASE FROM 00-01 |
FINAL BUDGET SIGNED BY GOVERNOR 2002-2003 |
% OF INCREASE FROM 01-02 |
GOVERNOR'S PROPOSAL 2002-2003 |
% OF INCREASE FROM 01-02 |
|---|---|---|---|---|---|---|---|
|
Tuition Grant Wisconsin Higher Education Grant-WTC Wisconsin Higher Education Grant-UW Talent Incentive Grant Wisconsin Higher Education Grant-Tribal |
21,038,600 13,201,900 18,900,300 4,503,800 400,000 |
21,564,600 13,631,000 19,750,800 4,503,800 400,000 |
2.5 3.25 4.5 0.0 0.0 |
22,103,700 14,074,000 20,639,600 4,503,800 404,000 |
2.5 3.25 4.5 0.0 1.0 |
22,103,700 14,874,000 21,839,600 4,503,800 404,000 |
2.5 9.1 10.6 0.0 1.0 |
|
Indian Student Assistance Minority Undergraduate Grant Minority Teacher Loan Dental Education Contract Academic Excellence Scholarship * Handicapped Grant |
779,800 693,100 240,000 1,167,000 2,917,000 123,800 |
779,800 724,300 250,800 1,342,100 2,979,000 123,800 |
0.0 4.5 4.5 15.0 1.0 0.0 |
787,600 756,900 262,100 1,517,100 3,041,000 123,800 |
1.0 4.5 4.5 13.0 2.0 0.0 |
787,600 756,900 262,100 1,517,100 3,041,000 123,800 |
1.0 4.5 4.5 13.0 2.0 0.0 |
|
Teacher Education Loan Loan for Teachers of the Visually Impaired MN-WI Reciprocity ** |
250,000 100,000 0.0 |
250,000 100,000 0.0 |
0.0 0.0 0.0 |
275,000 100,000 0.0 |
10.0 0.0 0.0 |
275,000 100,000 0.0 |
10.0 0.0 0.0 |
| New Nursing Student Loan Program | 0.0 | 0 | 0.0 | 450,000 | 100.0 | 450,000 | 100.0 |
| TOTAL | 64,315,300 | 66,400,000 | 3.2 | 69,038,600 | 4.0 | 71,038,600 | 7.0 |
| * | Fund increased to reflect a re-estimate of the amount required to fully fund the program in the 2001-03 biennium. |
| ** | Funding is only necessary when a liability payment is due (which currently is not being projected). |
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