President’s Report
Faculty and Instructional Staff
February 16, 2005
Updates
• Landscape Master Plan
•
•
•
•
Final draft complete
All-campus meeting to solicit input
Board of Trustees Planning Committee
Board of Trustees
•
RFQ is out
•
•
Marketing plan completed by Cognitive Marketing
RFQ out for marketing consultant
• Campus Master Plan
• Marketing
• FY06 Budget
• Strategic Plan Objectives
Updates
• FY06 Budget
• $4B shortfall, some structural (due to one time
•
fixes) some due to revenue shortfalls
Some approaches considered ($2 to $3B)
•Rolling back income tax cut
•Eliminating property tax rebates
•Conversion of BCBS from non-profit to
publicly traded corporation
•…………
NJIT Tuition & Fees Compared to State Appropriation
$12,000
$11,000
$10,000
$9,000
$8,000
$7,000
$6,000
$5,000
$4,000
State $ Per Full-Time
Equivalent Students
FY
04
FY
02
FY
00
FY
98
FY
96
FY
94
Actual Tuition & Fee
Income Per Full-Time
Equivalent Student
NJ Public Colleges and Universities Total Tuition & Fees
Compared to S tate Appropriation
$12,000
$11,000
$10,000
$9,000
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
State $ Per Full- Time
Equivalent Students
20
04
FY
20
03
FY
20
02
FY
20
01
FY
20
00
19
99
FY
FY
19
98
FY
19
97
FY
19
96
FY
19
95
FY
FY
19
94
Actual Tuition & Fee Income
Per Full- Time Equivalent
Student
Effect of Inflation on Tutition+Fee+Appropriation Revenue per FTE
CPI for NE Urban Area
$20,000
$19,000
$18,000
Tuition, Fee & Base Approp.
Per Full-Time Equivalent
Student
$17,000
$16,000
Net Present Value
$15,000
$14,000
$13,000
FY
94
FY
95
FY
96
FY
97
FY
98
FY
99
FY
00
FY
01
FY
02
FY
03
FY
04
FY
05
$12,000
Total Effect of Inflation on Tuition + Fee + Appropriation Revenue per FTE at
New Jersey Public Colleges and Universities; CPI for NE Urban Area
$20,000
$18,000
Tuition, Fee & Base Approp.
Per Full- Time Equivalent
Student
$16,000
$14,000
Net Present Value Base
Approp. Per Full- Time
Equivalent Student
$12,000
$10,000
20
04
20
03
FY
20
02
FY
20
01
FY
20
00
FY
19
99
FY
19
98
FY
19
97
FY
19
96
FY
19
95
FY
FY
FY
19
94
$8,000
NJIT % of Educational Costs
65%
60%
55%
50%
State Percentage
45%
Student percentage
40%
35%
FY
04
FY
02
FY
00
FY
98
FY
96
FY
94
30%
Total % of Educational Costs
65%
60%
55%
50%
State Percentage
45%
Student Percentage
40%
35%
20
04
FY
20
03
FY
20
02
FY
20
01
FY
20
00
FY
19
99
FY
19
98
FY
19
97
FY
19
96
FY
19
95
FY
FY
19
94
30%
NJIT Budget Priorities
Fiscal Year 2006
•
Operating Support: $9.1 million additional support including salary support, cost
of inflation, and support to minimize tuition increases. Consistent with the
Presidents’ Council Budget Policy Statement request of $79.2 million additional
support for the three public research universities (NJIT: $9.1 million; Rutgers: $53.0
million; UMDNJ: $17.1 million)
•
New Jersey Homeland Security Technology Systems Center: $1.0 million
new support to develop professional staff of the Center housed at NJIT (designated by
Executive Order 111). Currently, there is little to insure that technology purchased by
local, county, state and federal levels will lend itself to integrated usage to create a
comprehensive web of protection. Basic standards of performance and interoperability are lacking in a rapidly expanding market. The Center will:
¾ Coordinate and collaborate with New Jersey’s domestic security stakeholders
in business, government, and academia to serve as the State’s homeland security
consultant for technology evaluation, development of prototypes of integrated
homeland security systems for testing, demonstration, and training, and urgently
needed performance standards to inform the purchase of homeland security
products by state, county, and municipal agencies.
¾ Leverage New Jersey’s core research strengths in information technology,
telecommunications, applied life sciences, sensors and devices, and materials
through the development of partnerships that engage State agencies, universities,
military installations, and the private sector to address the challenge of defending
our region from terrorist attacks.
¾ Serve as an economic development catalyst for New Jersey and Newark. The
State is a perfect test bed for virtually every aspect of homeland security, and it is
anticipated that companies will desire to be close to where large-scale system tests
will be conducted and performance standards set that will affect technologybuying patterns.
•
Capital Support: $3.9 million new support for critical facilities renewal and
replacement representing less than 1% of the replacement value of current plant assets
(less than the 1½ to 3% recommended by the Association of Higher Education
Facilities Officers). Consistent with the Presidents’ Council Budget Policy Statement
request of $36.0 million of for the twelve senior public institutions.
•
Student Aid: full programmatic funding of the following applicable to current
tuition levels: The Tuition Aid Grant (TAG), the Educational Opportunity Fund
(EOF), Outstanding Scholar Recruitment Program (OSRP), and the Student Tuition
Assistance Reward Scholarship (STARS) consistent with the Presidents’ Council
Budget Policy Statement request at $14.3 million in new support.
Updates
• Strategic Plan Objectives
-- Become nationally recognized for attracting high achieving students
from diverse national and international populations.
•Increase enrollment by fall of 2008:
-- in the Dorman Honors College to 1 of 5 freshmen
-- of newly admitted undergraduate students, excluding undeclared, to
o 25% women, and
o 15% African-American, and
o 15% Hispanic.
•Increase the graduation rate of first-time, full-time freshmen (FTFTF) to
55% by fall 2010.
•For an incoming freshman class of at least 750 students, Increase the
mean SAT score by 20 points by 2005.
Updates
• Strategic Plan Objectives
-- Become nationally recognized for attracting high achieving students
from diverse national and international populations.
•Increase enrollment by fall of 2008:
-- in the Dorman Honors College to 1 of 5 freshmen
-- of newly admitted undergraduate students, excluding undeclared, to
o 25% women, and
o 15% African-American, and
o 15% Hispanic.
•Enhance the diversity of the faculty to mirror the percentage of AfricanAmerican, Hispanic, and women terminal degree recipients working in
academia by 2010.
•Increase the graduation rate of first-time, full-time freshmen (FTFTF) to
55% by fall 2010.
•For an incoming freshman class of at least 750 students, Increase the
mean SAT score by 20 points by 2005.