Wright State trustees approve fiscal year 2023 budget

The Wright State University Board of Trustees approved a budget plan that guides operations, supports the university’s academic mission and continues investing in student success.

Trustees unanimously approved the fiscal year 2023 budget on June 16.

View the FY23 budget presentation

Wright State President Sue Edwards, Ph.D., underscored the fact Wright State continues to be a leader in affordability and economic mobility. Students participating in the Wright Tuition Guarantee Program receive a fixed annual cost of tuition, housing and dining over a four-year college career.

“Our students have access to an exceptionally affordable education with experiential learning opportunities that sets them apart and onto a path of career success, she said.”

The university expects unrestricted revenue of approximately $227 million including nearly $77 million of state financial support.

University expenses are projected at approximately $243 million. That number includes investments in program expansions, student success and building key community partnerships with organizations like Wright-Patterson Air Force Base. In their approval, the Board of Trustees also included an investment in the Wright State Team by authorizing a 3.5% cost of living increase for employees not otherwise already scheduled to receive an increase this year.

The university’s budget plan includes the continuation of strategies around restructuring operations to successfully serve 10,000 students. It should be noted the university has trimmed well over $100 million from its operating budget and built up reserves over the last several years supporting a primary goal of ensuring the region has access to a vibrant, high-quality institution of higher education.

The FY23 budget also includes continued investments in providing outstanding academic opportunities for Wright State students, including the launch of the Presidential Scholars program.

Presidential Scholars will receive a full-tuition scholarship and serve as the academic leaders on campus, demonstrating innovation, determination, and perseverance. Scholars will have unparalleled access to opportunities for experiential learning, leadership development, and academic research, as well as paid internships.

Wright State will also continue to promote Take Flight, its financial aid program that covers tuition and fees for Ohio’s neediest students. More than 150 students will begin this fall in the inaugural Take Flight program. Eligible students who apply for Fall 2023 admission will be considered for the program; no separate application is required.

Edwards said she is extremely excited about Wright State’s future.

“This is a great time to be a Wright State Raider,” she said. “Student success serves as the foundation of our mission and I’m truly excited about what’s lies ahead. We have so much good news yet to come.”