°F
The Focus Is You

Latest Update

Update 3/31/2020

Students, Faculty & Staff,

I want to start by thanking you again for your continued dedication to SWOSU and for your support for the wide-ranging changes we have had to make in response to the immediate challenges of the coronavirus (COVID-19) pandemic. Please do your best to keep yourselves and those around you safe and healthy as this continues to impact every facet of our lives and our local communities.

STUDENTS: I know online classes take much discipline and patience.  Please do not get behind in your work and seek help if you need it.  Here again are some important resources for you: https://www.swosu.edu/coronavirus/student-information.aspx.

HIGHER EDUCATION FUNDING UPDATE:

With this email, I am providing you with some preliminary information regarding federal and state efforts toward higher education during this crisis.  As many of you may know, the federal stimulus bill (CARES Act) was recently passed and enacted into law.

This $2 trillion package would provide about $14 billion to higher education. It sounds like a lot of money, but many feel that the need of public colleges will be much more than that due to this crisis. There is certainly the possibility that further stimulus-type bills could be introduced and considered in the near future. 

The CARES Act provides that of these emergency funds, 90% of the $14 billion would be distributed to institutions via a formula (75% based on the amount of Pell FTE of the institution and 25% on non-Pell FTE). 

The bill is lengthy, but if you would like to read it, here it is: https://www.documentcloud.org/documents/6819206-CARES-ACT-FINAL-TEXT.html.

On the state level, the Oklahoma Legislature has not met for several days due to the pandemic.  It is my understanding that they are currently working on finishing the FY-21 budget (July 1, 2020 to June 30, 2021). It is believed the legislators will return sometime in April and pass the state budget. Even though state revenues are down considerably, it is thought that with use of reserve funds (Rainy Day Fund), the state will attempt to keep every agency at the same funding level as it was the year before.

There is one other upcoming funding issue to consider.  It is estimated that in our current fiscal year (FY-20), revenue collections will not keep up with spending.  Therefore, the state could very well face a funding shortfall. If this does occur, it is believed the Oklahoma Legislature may come back into special session this summer in order to address this shortfall by accessing monies from the Rainy Day Fund.

Link: https://okpolicy.org/this-is-the-emergency-weve-been-saving-for/

Finally, please remember that we are updating the information on our website constantly.  Please review: https://www.swosu.edu/coronavirus/index.aspx.

Thanks,

Randy Beutler, President
SWOSU

© Copyright 2020 SWOSU, All Rights Reserved.
The Focus Is You