Press "Enter" to skip to content

St. Mary’s College Board of Trustees Approves Graduates and Budgets at May Meeting

The St. Mary’s College Board of Trustees approved on Friday, May 13, the graduates of the St. Mary’s College of Maryland Class of 2022, comprised of  351 Bachelor of Arts / Bachelor of Science degrees, and 24 Master of Arts in Teaching degrees. The Board also approved proposed budgets and greenlit a long-range tuition strategy. Finances The Board approved the College’s proposed Current Fund (Operating) Budget of $78.3 million for FY23. Revenues in the proposed budget have increased 6.15 % over last year, primarily due an increase in state support and auxiliary enterprise revenues. The legislature approved the governor’s recommended FY23 operating budget for the College, which provides $32.3 million in state funds, an increase of 9.3% over the FY22 allocation. The state was also generous to the College with the capital budget. In total, the FY23 capital funds came to $10.9 million. The legislature approved the governor’s five-year capital improvement plan, which awarded the College $5 million for infrastructure improvement projects provided the funds be spent in the next three years. The College was also allocated an additional $4 million in capital renovation funding in support of its Hilda C. Landers Library reimagining project. Other allocations associated with the total include […]

The post St. Mary’s College Board of Trustees Approves Graduates and Budgets at May Meeting appeared first on Southern Maryland News Net.

Source: https://smnewsnet.comNew feed

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *