Fayetteville State University to receive largest state budget allocation in over 35 years

By Staff Report, posted Nov 17, 2021 on BizFayetteville.com

After the budget is adopted, Fayetteville State University will receive a large allocation from the state. Photo provided by Fayetteville State University.

If Governor Roy Cooper signs off on the budget, which he has announced is his intention to do, Fayetteville State University will receive the largest state budget allocation that the school has seen in over 35 years.

Totaling nearly $152 million dollars, the allocation will be used for a variety of capital construction projects, repairs and renovations, the school announced today in a press release.

“Today, I am both overjoyed and humbled for FSU. This support that we will be receiving has been a long time coming. For the first time in over 35 years the North Carolina state budget puts Fayetteville State University in a position to make a quantum leap in educating our future leaders. This unprecedented support will assure our success for generations to come,” said Chancellor Allison.

The university will also be the only university in the state to be added to the state’s affordable tuition program, NC Promise. FSU will receive $11.5 in recurring state appropriation, bringing the total amount of money that the school will receive to a whopping $164 million after the governor signs the budget.

“Historic moments don’t happen without strong leadership,” Allison said. “Our UNC System truly has one in our seventh president in Peter Hans. I want to especially thank our leaders Senate President Phil Berger, Speaker Tim Moore and Governor Cooper. For the sake of compromise and seeking to find common ground, each were willing to selflessly work for the greater good – for the teachers and state employees who will be receiving significant raises and bonuses and our students, I sincerely thank them for their leadership.”

Allison also expressed his appreciation for the local state delegation who are committed to serving the region.

“They worked together and demonstrated true solidarity. We certainly owe them all a special thanks. Today, our gratitude goes out to Rep. Marvin Lucas (FSU Alum), Rep. Diane Wheatley, Rep. Billy Richardson, Rep. John Szoka, Sen. Kirk deViere (former FSU Trustee) and Sen. Ben Clark – for their strong leadership,” added Chancellor Allison.

Fayetteville State University employees, along with other state employees, will also be receiving a five percent salary increase over the next two years and a one-time bonus.

Capital Projects

New College of Education $ 63,000,000

New Residential Hall $ 40,000,000

New Parking Deck $ 10,000,000

(sub-total) $113,000,000

Repair & Renovations $ 38,850,000

NC Promise $ 11,500,000

COVID-19 sterilization units $ 670,000

(total) $164,020,000

Copyright © 2024 Enhanced Media Management Inc. dba Greater Fayetteville Business Journal
This story may be displayed, reformatted and printed for your personal, noncommercial use only and in accordance with our Terms of Service located at https://bizfayetteville.com/useragreement.