FY27 Budget Development Calendar

Major Milestones Only
Updated as of 1/16/2026

Completed	FY26 Budget Overview Meetings with budget units are held New	New
Completed	Preliminary FY27 revenue assumptions and required base expense commitments (Debt Service, Salary Program, Student Awards, etc.) are prepared to determine FY27 preliminary baseline budget.
Completed	Fall 2025 10th day enrollment is confirmed.
Completed	Faculty recruitment & start-up packages are approved and advertising begins.
Completed	State Capital Budget Submission is due Sept. 26, 2025

Completed	Conduct review of actual summer and fall results for enrollment and student awards compared to FY26 Board approved budget.
Completed	FY26 State Budget Development process begins, priority requests are identified by senior leadership Updated	Updated
Completed	Enrollment Management & Data Analytics provides preliminary Spring 2026 and Fall 2026 enrollment projections. The Budget Office uses this information to project preliminary net tuition & fee revenues for FY26 & FY27.	Updated
Completed	Status Quo Multi-Year Budget Model is shared with Executive Leadership Team Updated	Updated

Completed	FY26 Operating Budget status meetings are held with the Colleges to monitor actual performance against the budget at the unit level.	New
Completed	FY26 budget status and FY27-FY30 multi-year budget outlook are presented to the Audit and Finance Committee and President's Council.	Updated
Completed	The FY27 State Budget Submission is finalized and sent to NJ Office of Management and Budget (OMB) by November 21, 2025 due date.

Completed

The current year forecast, reflecting fall actual results and preliminary net tuition revenues for FY27, is shared with the degree-granting colleges.

New

	FY26 Operating Budget status meetings are held with non-College budget units to monitor actual performance against the budget at the unit level and initiate the development of multi-year planning.
	FY27 preliminary budget status is shared with Executive Leadership Team & BOT Executive Committee	New

	Spring 2026 10th day enrollment is confirmed. FY27 enrollment projections are updated, as well as updated net tuition allocations by college.	Updated
	FY27 full-time personnel books are distributed to budget unit leadership and budget managers and loaded into the BudgetPAK budget development platform.	Updated
	BudgetPak budget development platform opens for FY27 non-personnel and part-time personnel base budget entry.	Updated
	FY27 Budget Development Instructions and Forms/Templates are distributed to all Budget Units. These reflect revenues & expenses in accordance with new Budget Model and University Reorganization.	Updated
	FY27 Summer housing rate proposals are finalized.
	FY27 Governor's Budget Message (late-February or early-March) delivered. The legislative process continues through June.

	BudgetPak budget development for FY27 non-personnel and part-time personnel budget entry is completed.
	Finance presents updated FY26 revenue & expense baseline budget assumptions to Senior Leadership.

	Public Hearing on FY27 Tuition & Fees - (Date TBD)
	A&F committee and BOTs to review Administration's preliminary FY27 Budget Proposal -- April 9, 2026
	FY27 Budget Unit Budget Review Meetings occur	Updated
	FY28 Faculty Recruitment meetings with Provost, Deans, and Budget Office occur.

	Balanced FY27 Operating & Capital / Technology Budget is presented to BOT Executive Committee with assumptions -- Balanced FY27 Operating & Capital / Technology Budget is presented to BOT Executive Committee with assumptions -- May
	Enrollment Management confirms projections FY27 enrollment. Residence Hall occupancy projections also confirmed.
	Board of Trustee Retreat - May 14, 2026
	FY27 State Appropriations Act is finalized -- June 30, 2026

Board of Trustees Final Approval of FY27 Budget (including approval of final Tuition and Fees and Housing Rates) - July 16, 2026