As the North Carolina General Assembly convenes to discuss the state’s budget for the upcoming year, the University of North Carolina (UNC) System has submitted its requests for funding. The UNC System, which comprises 17 public universities across the state, is seeking significant investments to support its mission of providing high-quality education, driving economic growth, and improving the lives of North Carolinians.
At the top of the UNC System’s wish list is a 5% increase in funding for the 2023-2024 academic year. This boost would enable the universities to maintain their current level of operations, including faculty and staff salaries, while also addressing rising costs and inflation. The requested increase would also allow the universities to invest in strategic initiatives, such as expanding online education programs, enhancing student mental health services, and supporting research and innovation.
Another key request from the UNC System is funding for capital projects, including the renovation and construction of new facilities. The system is seeking $150 million for these projects, which would support the growth of STEM programs, improve student housing, and enhance campus infrastructure. These investments would not only benefit students but also contribute to the state’s economic development by creating jobs and stimulating local economies.
The UNC System is also requesting funding to support its commitment to affordability and accessibility. The system is seeking $15 million to support need-based financial aid, which would help make higher education more accessible to low-income and middle-class students. Additionally, the system is requesting funding to support its NC Promise program, which provides a tuition rate of $500 per semester for in-state students at three UNC institutions.
In total, the UNC System is requesting $2.3 billion in funding for the 2023-2024 academic year. While this represents a significant investment, it is essential for maintaining the quality and accessibility of higher education in North Carolina. As the state’s economy continues to grow and evolve, the UNC System plays a critical role in preparing students for the workforce and driving innovation and entrepreneurship. By investing in the UNC System, the state is investing in its own future prosperity.