University System of Georgia / Board of Regents

The 2024 budget for the University System of Georgia (USG) is $3.1 billion. The vast majority, $2.9 billion, is allocated to USG’s 26 colleges and universities for student instruction, support services and basic college operations. The remaining funds go to cooperative extension services, public libraries and special funding initiatives. The FY 2024 budget represents a total net increase of $65.67 million, or 2.11 percent.

The FY 2024 budget includes $2,000 cost-of-living increases for full-time, benefit-eligible employees totaling $83 million, and $7.6 million in new enrollment funding. Dual Enrollment experienced a $7 million cut, with a total budget of $76 million for FY 2024. The total budget for capital projects for the Board of Regents is $198.2 million.

One of the most impactful budget implications is the $66 million reduction in the teaching program state funds for FY 2024 due to decreased enrollment at 20 institutions. The reduction is allocated across all 26 institutions to minimize disproportionate impacts on students and operations. Despite this decrease, the Board of Regents has held tuition flat at most institutions for five of the last seven years.

FY 2024 $66 Million Dollar Budget Cut Is Spread Across the USG Institutions

State Universities

Clayton State University

Columbus State University

Fort Valley State University

Georgia College & State University

Georgia Southwestern State University

Middle Georgia State University

Savannah State University

University of North Georgia State Colleges Institution

Abraham Baldwin Agriculture College

Atlanta Metropolitan State College

College of Coastal Georgia

Dalton State University

East Georgia College

Georgia Gwinnett College

Georgia Highlands College

Gordon State College

South Georgia State College

Source: University System of Georgia Data.