Boise State University

08/22/2025 | News release | Distributed by Public on 08/22/2025 12:25

Fiscal year 2026 budget update

The following message was sent to all faculty and staff on Friday, Aug. 22, 2025

Dear Colleagues,

I'm writing to provide an update on Boise State's FY26 budget and the Executive Order Governor Little announced on August 15 asking state agencies to reduce general fund spending by three percent this fiscal year.

As previously communicated to campus on July 9, the state's Division of Financial Management (DFM) reported earlier this year that general fund revenues through April 2025 were approximately $55 million (1.2%) below FY25 projections. Slowing sales tax growth has led the state to revise its revenue forecasts downward for FY26 and FY27.

Thanks to sound fiscal planning, the university is able to cover the FY26 reduction of approximately $4 million with central savings from position vacancies and expenditure reductions. While this FY26 reduction of 3 percent is announced as a one-time reduction, we have also been asked to plan additional reductions for the FY27 budget year. The Boise State budget office will start modeling reductions in the amount of 2, 4 and 6 percent, similar to what we were asked to do for FY26. This exercise will be included in our planning for the next full campus budget cycle on an institution wide basis.

As previously reported, the university continues to be financially sound in spite of these budget challenges. However, we will not be in a position to fund new initiatives until we have a better understanding of the impact of these state funding reductions combined with the growth in enrollment revenues. We will continue to assess these impacts, and develop strategies and plans to address our fiscal realities.

Thank you for your flexibility and partnership as we navigate the financial landscape together. Your commitment to fiscal responsibility is greatly appreciated. We will continue to send updates to keep you informed as we move forward in the process.

Stacy Pearson
Interim Chief Financial Officer

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Boise State University published this content on August 22, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 22, 2025 at 18:25 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]