Next Year’s Budget and Long-Term Budget Planning Efforts

Dear Faculty and Staff, I am writing to share additional information on the university’s budget outlook for the coming fiscal year, as well as our long-term work to enhance our budget-planning capabilities.  As we shared with you last month, the State of Maryland has set an operating budget of $70.8 billion for Fiscal Year 2027. Following significant reductions in the state’s allocation to the University System of Maryland in FY26, the new budget does not contain any direct cuts to our instituti