FY27 Budget Development Calendar
Major Milestones Only
Updated as of 5/14/2026
August - September
| Completed | Faculty recruitment & start-up packages are approved and advertising begins. | |
| Completed | FY26 Budget Overview Meetings with budget units are held | 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 | State Capital Budget Submission is due Sept. 26, 2025 |
October
| 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 |
| 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 |
November
| 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. |
December
| Completed | Finalize and incorporate necessary FY26 budget revisions resulting from Colleges' operating status meetings. | New |
January
| Completed | FY27 preliminary budget status is shared with Executive Leadership Team & BOT Executive Committee | New |
February
| Completed | Spring 2026 10th day enrollment is confirmed. FY27 enrollment projections are updated, as well as updated net tuition allocations by college. | Updated |
| Completed | Finance presents updated FY27 revenue & expense baseline budget assumptions to Senior Leadership, based on FY26 forecast incorporating spring semester net tuition, fees, and housing results. | Updated |
March
| Completed | FY27 Governor's Budget Message delivered -- March 10, 2026. The legislative process continues through June. | Updated |
| Completed | FY27 Summer housing rate proposals are finalized. | Updated |
| Completed | FY27 full-time personnel books are distributed to budget unit leadership and budget managers and loaded into the BudgetPAK budget development platform. | Updated |
| Completed | 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 |
April
| Completed | Public Hearing on FY27 Tuition & Fees - April 9, 2026 | |
| Completed | A&F committee and BOTs to review Administration's preliminary FY27 Budget Proposal - April 9, 2026 | |
| Completed | BudgetPak budget development for FY27 personnel, non-personnel and part-time personnel budget entry is completed. - Wed. 4/29/26 (No Exceptions) | Updated |
May - June
| Enrollment Management confirms projections FY27 enrollment. Residence Hall occupancy projections also confirmed. | ||
| FY28 Faculty Recruitment meetings with Provost, Deans, and Budget Office occur. | Updated | |
| A&F committee meeting on FY27-FY30 Budget Development Plan - May 26, 2026 | New | |
| Board of Trustee Retreat - June 11, 2026 (Balanced FY27 Operating & Capital / Technology Budget is presented to BOT Executive Committee with assumptions) | ||
| FY27 State Appropriations Act is finalized - June 30, 2026 |
July
| Board of Trustees Final Approval of FY27 Budget (including approval of final Tuition and Fees and Housing Rates) - July 16, 2026 |