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FSU & FAMU benefit from new state budget

budget money
Posted at 8:24 PM, May 04, 2014
and last updated 2014-05-04 20:24:00-04

Tallahassee, Fla (WTXL) - Approval of the new state budget may bring a financial boost to local universities. According to our media partners at the Tallahassee Democrat, talks about a possible split of the FAMU-FSU College of Engineering were put on hold last week.

The Board of Govenors is set to receive five hundred thousand dollars to hire an outside firm to assess the college and make recommendations. The house and senate are giving ten million dollars to the college that will go toward facility improvements.

Florida State University's preeminence standards are helping them in the budget as well. FSU and the University of Florida are the only universities to meet those standards. As a result, the new budget gives an additional 75 million dollars to each of the schools over the next five years.

Florida State's goal is to be a top 25 institution by the end of the decade. FSU and FAMU will both receive additional funding for their science, technology, engineering, and math programs. A recurring two point five million dollars. They'll also each receive a portion of 20 million dollars for critical maintenance.