Higher
Education Services Corporation
The Executive budget recommends (an
A FY 2008-09 workforce of 700. This maintains the number of FTEs from the adjusted FTE level for FY 2007-08.
·
The tot
· Administration: -$218,000 General Fund, offset by +$99,000 Special Revenue-Other
· Grants and Scholarships: -$335,000 offset by +$185,000 Special Revenue-Other
· An All Funds decrease of $3 million, -2.4% from SFY 2007-08. According to the Assembly this decrease is due to the elimination of a one-time SFY 2007-08 $5 million appropriation (in the Guaranteed Loan Program) for moving expenses offset by an increase of $2.0 million from salary increases, program administration increases and other fixed cost increases.
· The decrease in part reflects the continued implementation of prior-year Tuition Assistance Program (TAP) eligibility reforms, such as increased minimum academic standards and more stringent requirements related to the use of the Ability to Benefit (ATB) test.
· The 2008-09 Executive Budget includes $2 million to provide all returning combat veterans who served in Vietnam, Afghanistan or Persian Gulf conflicts with a tuition benefit in the amount of up to the full cost of SUNY tuition ($4,350) to be used at any college or university in New York State.
· Article VII legislation would:
· Allow HESC to obtain certain information from the Department of Taxation and Finance about borrowers in default on government education loans. This provision will also allow the Department of Taxation and Finance to credit tax overpayments by borrowers in default to HESC to pay past due student loan obligations. According to the Assembly, this will generate $5 million in savings in SFY 2008-09, growing to $18 million by SFY 2011-12
· amend the Education Law in relation to tuition assistance for veterans
· Extend the Regents Professional Opportunity and Regents Health Care Professionals Opportunity Scholarships for one year; and
· Deny TAP eligibility to any student in default of their federal student loans or any loan made or guaranteed by HESC.
| Higher Education Services Corporation | ||||
| Program Details-State Operations | ||||
| Enacted | Proposed | Change in | Percent | |
| Program | 2007-08 Budget | 2008-09 Budget | Appropriation | Change |
| All Funds | $121,216,200 | $118,252,000 | ($2,964,200) | -2.4% |
| Special Revenue-Federal | $5,000,000 | $5,000,000 | $0 | 0.0% |
| Special Revenue-Other | $116,216,200 | $113,252,000 | ($2,964,200) | -2.6% |
| Personal Services | $45,093,800 | $44,839,100 | ($254,700) | -0.6% |
| Contractual Services | $56,272,800 | $52,506,000 | ($3,766,800) | -6.7% |
| Administration | $61,899,000 | $57,969,000 | ($3,930,000) | -6.3% |
| Personal Service | $2,702,000 | $2,484,000 | ($218,000) | -8.1% |
| Regular | $2,702,000 | $2,484,000 | ($218,000) | -8.1% |
| Nonpersonal Service | $4,208,000 | $4,434,000 | $226,000 | 5.4% |
| Supplies and materials | $2,104,000 | $2,217,000 | $113,000 | 5.4% |
| Equipment | $2,104,000 | $2,217,000 | $113,000 | 5.4% |
| Miscellaneous special revenue fund | ($6,910,000) | ($6,918,000) | ($8,000) | 0.1% |
| Special Revenue-Other (SRO) | $61,899,000 | $57,969,000 | ($3,930,000) | -6.3% |
| HESC-Insurance Premium Payments Acct - (SRO) | $61,399,000 | $57,469,000 | ($3,930,000) | -6.4% |
| Personal Service | $16,030,000 | $16,129,000 | $99,000 | 0.6% |
| Regular | $15,813,600 | $15,911,000 | $97,400 | 0.6% |
| Holiday/overtime compensation | $216,400 | $218,000 | $1,600 | 0.7% |
| Nonpersonal Services | $40,369,000 | $41,340,000 | $971,000 | 2.4% |
| Supplies and materials | $629,000 | $619,000 | ($10,000) | -1.6% |
| Travel | $261,000 | $242,000 | ($19,000) | -7.3% |
| Contractual Services | $19,411,100 | $19,878,000 | $466,900 | 2.4% |
| Equipment | $931,900 | $955,000 | $23,100 | 2.5% |
| Fringe benefits | $17,811,000 | $18,239,000 | $428,000 | 2.4% |
| Indirect costs | $1,325,000 | $1,407,000 | $82,000 | 6.2% |
| Mainenance Undistributed | $5,000,000 | $0 | ($5,000,000) | -100.0% |
| Contractual Services | $5,000,000 | $0 | ($5,000,000) | -100.0% |
| State Student Financial Aid Audit Acct - (SRO) | $500,000 | $500,000 | $0 | 0.0% |
| Grants & Scholarship | $0 | $0 | ||
| Personal Service | $4,144,000 | $3,809,000 | ($335,000) | -8.1% |
| Regular | $4,144,000 | $3,809,000 | ($335,000) | -8.1% |
| Nonpersonal Service | $1,036,000 | $1,092,000 | $56,000 | 5.4% |
| Supplies and materials | $518,000 | $546,000 | $28,000 | 5.4% |
| Equipment | $518,000 | $546,000 | $28,000 | 5.4% |
| Miscellaneous special revenue fund | ($5,180,000) | ($4,901,000) | $279,000 | -5.4% |
| Guaranteed Loan | $59,317,200 | $60,283,000 | $965,800 | 1.6% |
| Special Revenue-Other (SRF) | $5,000,000 | $5,000,000 | $0 | 0.0% |
| Special Revenue-Other (SRO) | $54,317,200 | $55,283,000 | $965,800 | 1.8% |
| Federal GEAR-UP Acct - (SRF) | $5,000,000 | $5,000,000 | $0 | 0.0% |
| HESC-Insurance Premium Payments Acct - (SRO) | $54,317,200 | $55,283,000 | $965,800 | 1.8% |
| Personal Service | $21,816,000 | $22,001,000 | $185,000 | 0.8% |
| Regular | $21,023,600 | $21,202,000 | $178,400 | 0.8% |
| Holiday/overtime compensation | $792,400 | $799,000 | $6,600 | 0.8% |
| Nonpersonal Service | $32,501,200 | $33,282,000 | $780,800 | 2.4% |
| Supplies and materials | $82,300 | $84,000 | $1,700 | 2.1% |
| Travel | $280,000 | $286,000 | $6,000 | 2.1% |
| Contractual Services | $31,861,700 | $32,628,000 | $766,300 | 2.4% |
| Equipment | $277,200 | $284,000 | $6,800 | 2.5% |
| College Choice Tuition Savings Pgm * (p. 500) | $795,500 | $829,800 | $34,300 | 4.3% |
| Special Revenue-Other (SRO) | $795,500 | $829,800 | $34,300 | 4.3% |
| College Savings Acct - (SRO) | $795,500 | $829,800 | $34,300 | 4.3% |
| Personal Service | $401,800 | $416,100 | $14,300 | 3.6% |
| Nonpersonal Services | $190,000 | $203,000 | $13,000 | 6.8% |
| Fringe Benefits | $189,400 | $194,700 | $5,300 | 2.8% |
| Indirect Costs | $14,300 | $16,000 | $1,700 | 11.9% |
| * Appears in Miscellaneous Section of Budget Books | ||||