The University of Colorado is taking steps to accelerate efforts to activate its systemwide 2021-2026 Strategic Plan as well as campus strategic plans. These actions will advance CU’s long-term mission and benefit students, faculty, and staff.
As noted in CU Connections, the University of Colorado has reported a historic return on investments, like many organizations across the country, which will result in one-time money for all four campuses spread over the next few years. CU Denver’s portion of the funding is $33.5 million, which is proportional to the campus’ size and budget. This one-time funding will help to advance the 2030 Strategic Plan and further invest in our students, faculty, and staff.
“Our ability to invest in our people and in high-priority initiatives that will accelerate the implementation of our Strategic Plan has the potential to be transformational in the short term as we start our journey toward becoming an equity-serving university for life,” noted Chancellor Michelle Marks. “While this does not address every funding or operational challenge we face, we are prepared to leverage this opportunity to the full benefit of our Lynx community. We look forward to partnering with our schools, colleges, administrative units, and shared governance bodies as we move forward.”
CU Denver intends to use these one-time funds toward executing on its 2030 Strategic Plan roadmap, with particular focus on enhancing student aid to make education more affordable, growing high-demand programs that provide a diverse talent pipeline to support our state’s economic growth, and helping to fund the university’s share of the engineering building, among other initiatives.
“This is positive news for the CU System and CU Denver as we jumpstart the execution of our strategic plans at the System and campus levels,” added Todd Haggerty, vice chancellor for finance and business operations and CFO. “For us, the addition of these one-time dollars will allow us to create long-term flexibility in budget decisions. At the same time, it is important to stress that the one-time nature of these funds allows CU to address critical strategic needs, but does not provide sustained funding for other critical challenges, such as addressing the challenging labor market and improving and upkeeping our campus buildings on an ongoing basis.”
To learn more, CU Denver is planning to host a variety of fora to continue an open dialogue with the campus community, including a Jan. 21 Town Hall and a financial information series that kicks off on Dec. 17. Look for details in future editions of CU Denver News and via email.