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Funding Request

The Statewide Strategic Plan establishes the state's goal for higher education as making "available an accessible, quality public higher education at an affordable cost that prepares Mississippians to become productive, financially self-sufficient members of society while meeting the human resource needs of Mississippi and its employers, including the creation of new jobs through the commercialization of university-based research."

Mississippi Public Universities helped the state achieve its goal for higher education by enrolling 91,845 students in Academic Year 2019 and producing more graduates. In 2019, Mississippi Public Universities awarded a record number of degrees with 19,162 degrees conferred. Over the past five years, there has been a 14 percent increase in all degrees awarded and a 31.9% increase in STEM degrees awarded.

Mississippi Public Universities provide high-quality education, research and innovation to support economic growth and opportunities that benefit all Mississippians in a very competitive environment. As the workforce evolves to meet the increasingly complex demands of the 21st century economy, our graduates will compete for high-skill, high-wage jobs that will drive future economic growth. Preparing students to succeed in this environment requires excellent faculty and support staff; sophisticated technology; and modern, safe, well-maintained facilities.

The FY 2021 IHL funding request includes an increase of $22.2 million over FY 2020 funding. The increase would cover a faculty pay raise to begin moving faculty salaries to the SREB average. Currently, IHL faculty salaries are 80% of the SREB average.

On behalf of the Postsecondary Education Financial Assistance Board, IHL submitted a request for additional funding in the amount of $12.8 million for Student Financial Aid. Receiving these additional funds over the FY 2020 budget would enable full funding of awards to all expected eligible applicants in FY 2021.

Finally, the request also includes $14.5 million in appropriated funds to address facility repair and renovation needs. Appropriated Capital Expense funds received by the universities in previous years have been vital in addressing critical deferred maintenance issues on the campuses. Continuation of these funds will help extend the useful life of older buildings throughout the system.

» IHL Funding Request for FY 2021

Facilities Needs Request

The FY 2021 Facilities Needs Request includes the top five capital project priorities identified by each university. IHL's eight campuses, the University of Mississippi Medical Center, and 12 satellite centers include 1,672 buildings on more than 12,000 acres of land.

» Facilities Needs Request for FY 2021

Bond Request

IHL develops a 4-year bond plan to support the annual bond request. The plan is developed using the priorities identified by the universities in the Facilities Needs Request. The first year of this year's plan seeks to secure the remaining funds needed to complete projects that received partial funding in prior years. Securing these funds this year will enable the institutions to begin construction on these projects and avoid delays that lead to increased construction costs.

» Proposed 4-Year Bond Plan for Capital Improvements