From the financial stability plan created by SUNY Central.
Addressing structural imbalances. Fiscal health is everyone’s job, and SUNY is ensuring campuses have the resources they need to succeed and the support to make the tough decisions fiscal sustainability requires. Since the beginning of the academic year, two SUNY campuses (SUNY Potsdam and SUNY Fredonia) have released blueprints developed by campus leadership to ensure stronger futures. Other SUNY campuses are continuing along their paths to fiscal sustainability and strong futures, and the report features campus spotlights on Buffalo State University, SUNY Delhi, and SUNY Maritime.
SUNY Potsdam: SUNY Potsdam lost 38% of its total enrollment over the past decade. The campus has faced operational deficits since 2013-14, and exhausted all its cash reserves years ago. After ending the 2022-23 academic year with a $10.4 million deficit, new President Suzanne Smith developed an operational stability plan envisioning a healthy campus of 2,500 students by aligning academic programming with student enrollment needs, investing in strengths and growth areas, and establishing a stronger fiscal health framework. Following campus consultation, President Smith advanced a proposal to discontinue nine undersubscribed programs, which was approved by SUNY and the New York State Education Department. Following the historic investment in SUNY by the State of New York in 2023-24, SUNY provided SUNY Potsdam with a $2.5-million increase in ongoing annual operating funding, representing a 23% increase in direct State tax support in a single year.
Below is a link to the document