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SUNY Cobleskill Receives $838,000 as Part of Historic Statewide Funding Increase Supporting Faculty, Staff, and Students Across All State-Operated Campuses

The State University of New York Board of Trustees earlier this month announced the allocation of $114 million in Direct State Tax Support across the State-operated SUNY campuses from the FY 2025 Enacted New York State budget. The funding marks a historic investment under Governor Kathy Hochul’s leadership, with the combined 2023-24 and 2024-25 budgets representing the largest two-year infusion in at least five decades, with an increase of $277 million in Direct State Tax Support allocated to SUNY.

SUNY has allocated $838,000 to SUNY Cobleskill, an 11.1% increase over the last year. The total funding is further allocated into three categories across campus: $717,000 to support faculty and staff salary increases through collective bargaining, $100,000 to expand paid internship opportunities for students, and $21,000 to support research activity.

Last year, the $163 million increase in the 2023-24 Budget made it possible for SUNY to:

  • Provide double-digit percentage increases in Direct State Tax Support at every State-operated campus – including support for faculty hiring and student services across the System
  • Invest more than $40 million in mental health services, support for students with disabilities, student internship experiences, expanding research, and addressing food insecurity
  • Reduce mandatory fees for graduate student workers

This year’s Board resolution maintains last year’s investments and the progress they have generated and, using the $114 million in increased funding:

  • Provides $102 million to support SUNY faculty and staff, contributing support for salary increases reflected in recent collective bargaining agreements
  • Provides $4.5 million for additional student internship experiences to improve student success and the student experience, bringing the two-year total to more than $14 million
  • Allocates $4 million to support faculty and student researchers
  • Continues to reduce mandatory fees for graduate student workers with an additional $3 million, bringing the two-year total to $6 million

“This announcement marks a historic investment in our nation-leading statewide public higher education system and will inject critical funding to support our students and faculty,” said SUNY Chancellor John B. King, Jr. “Governor Hochul and the State Legislature’s commitment to public higher education is clear in this year’s budget. As a result, SUNY has been able to allocate the significant resources our campuses deserve so that we can retain and attract stellar faculty, enroll the largest class of students in a decade, increase paid internships, and expand our research capabilities. There is a place at SUNY for every New Yorker, and this funding further positions SUNY as a leading academic institution that delivers on the promise of student success at an extraordinary value.”

“Such robust support for SUNY campuses speaks to the incredible value that New York State places on public higher education,” said Dr. Marion Terenzio, President of SUNY Cobleskill. “Funding commitments over the past two years by Governor Hochul have created additional value for our students and faculty in bringing about real opportunities to expand learning and research. Thank you to Governor Hochul and the State Legislature for believing in the future of SUNY and SUNY Cobleskill and for being committed partners in our continued growth and success.”

 

 

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