аЯрЁБс>ўџ 68ўџџџ5џџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџьЅС@ №ПDbjbjзІзІ ( ЕЬЕЬD џџџџџџˆ2222222FNNNNbF2‚‚‚‚‚‚‚‚ސ$AR“ЈД2J‚‚JJД22‚‚Щ~~~J 2‚2‚Ž~JŽ~~V2@22і‚v ‹‘чdШNT r zп0~x;^;іFF2222і0;2&T‚LЮ6~,0‚‚‚ДДFFDŠФt FFŠMARYLAND SENATE BUDGET AND TAXATION SUBCOMMITTEE ON EDUCATION, BUSINESS AND ADMINISTRATION UNIVERSITY SYSTEM OF MARYLAND TESTIMONY OF USM BOARD OF REGENTS CHAIRMAN CLIFF KENDALL FRIDAY, FEBRUARY 1, 2008 Mr. Chairman and members of the Committee, I am pleased to join you today to testify on the Governor’s proposed budget for the ФЂЙНЪгЦЕ. On behalf of the Board of Regents, I want to first express my appreciation—to the Governor and the members of the General Assembly—for the strong support shown for the University System. Today I will give a brief overview of the USM, with Chancellor Kirwan following up with more specific details. As you know, Governor O’Malley has proposed a budget featuring a 9.4% increase to support the ФЂЙНЪгЦЕ’s FY 2009 operating budget: $53.3 million in General Funds $41 million through the newly-established Higher Education Investment Fund (HEIF). The fact that the HEIF, established during last fall’s special legislative session, provides a dedicated funding stream for the USM cannot be overstated. This vital support will enable the USM to more effectively address our shared priorities of quality, access and affordability. The Board of Regents has taken several steps to do our part in meeting these shared goals: To enhance affordability, we refocused increases in financial aid with the emphasis on assisting college-ready, college-capable students with the greatest financial need Through this effort, and others, we are making progress toward our goal that low income students graduate with 25 percent less debt than the institutional average. To improve accessibility, we designated “growth institutions” within the USM, each of which exceeded their enrollment goals. We are also expanding offerings at our regional higher education centers. Through targeted investments in quality, we are better meeting critical workforce needs Efforts such as the STEM initiative target the “new economy” (high-tech, info-tech, and bio-tech), while similar investments target the “traditional economy” (teachers, nurses, pharmacists, and others). Of course, the Regents’ Effectiveness and Efficiency initiative is one of the best examples of our commitment. Our efforts on the administrative side—using the system as a universal purchasing agent—and on the academic side—lowering time to degree, requiring out-of-classroom credits, increasing faculty classroom hours—have supported our mutual goals and priorities of access, affordability and quality. We are currently in the early stages of Phase II of E&E, which is an even more in-depth process intended to transform the academic model in an effort to improve student learning outcomes while saving resources. I am confident that in the years ahead these efforts will be just as successful as the first phase. Clearly, as a system, we have taken real and meaningful steps to address the challenges we face. The ФЂЙНЪгЦЕ will continue to work in partnership with the state’s elected officials to protect affordable, high-quality education; solidify the state’s role as a leader in the knowledge economy; and ensure a productive and competitive workforce for our state. The budget increase proposed by the Governor will enable us to build upon these efforts and continue our progress toward these goals. 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