A billion-dollar deficit once loomed over SUNY, but the system now expects to balance its budget within a decade, according to The Citizen.
SUNY’s latest long-term financial report shows steady enrollment growth and stronger state funding erased a projected $1 billion gap first identified in 2024. Officials now forecast a balanced budget by 2034-35 after cutting the shortfall to $50 million last year.
Leaders credit three straight years of enrollment gains, increased aid from Gov. Kathy Hochul and lawmakers, and programs like SUNY Reconnect, which drew more than 5,600 adult students in its first semester. Several campuses, including Delhi and Maritime, report surpluses, while others project balanced budgets in the coming years.
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