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2018 Testimony to the Maryland General Assembly — FY19 Capital Budget Request
I am pleased to provide testimony to the General Assembly for our FY 2019 capital budget request (.docx). We greatly appreciate the General Assembly’s ongoing support of our capital requests, which is having a transformative impact on our campus and the state’s economy.
Each of the four ongoing projects described in this testimony will significantly enhance the University’s research, education, and innovation capabilities. Much of the work in these new facilities will contribute to the state’s skilled workforce and its knowledge economy.
It is important to note that major gifts have leveraged each of these projects, significantly extending the value of the state’s investment. Funding in the Governor’s CIP for these four projects includes $158 million in gifts and over $107 million in institutional/Big Ten funds for a total of $265 million of non-State funds which is 47 percent of the projects’ costs. The State contribution is $296 million which is 53 percent of the project cost. The donors are quite eager to see these projects concluded on schedule. Student and faculty anticipation is high, as well.
As in previous projects, the cutting-edge research and education these buildings support may translate into new private sector and federal partnerships. The University is now a major innovation hub in fields such as quantum computing—greatly enhanced by the General Assembly’s previous capital support—and these new facilities will have a similar magnetic effect in areas such medical device development, traumatic brain injury, and virtual reality.
Thanks to your support, these projects continue to advance, their promise growing more evident with each passing day. We are partners with the General Assembly in constructing the state’s future. The University deeply appreciates all that your support makes possible.
The ongoing projects are all the more critical because renovation needs and space shortages remain our greatest long-term programmatic and fiscal challenges.
View full document here: 2018 Testimony to the Maryland General Assembly — FY19 Capital Budget Request (.docx)