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State budget lays foundation for new pharmacy school
April 21, 2014Tweet
The new state budget provides a $10 million boost to Binghamton University’s plans for a new pharmacy school, but there is more to benefit the University in New York state’s recently passed $140 billion budget. For the 2014-2015 fiscal year, the state has budgeted nearly $40 million for Binghamton University operations, with an additional $872,333 earmarked for Binghamton’s Center of Excellence.
The $10 million set aside in the SUNY Capital fund will assist Binghamton with initial planning and development costs for a new school of pharmacy, which the University proposes to build in the Village of Johnson City, near Wilson Hospital.
“This year, I worked directly with Gov. Andrew Cuomo and President Harvey Stenger to secure $10 million in the budget for Binghamton University’s pharmacy school,” said Sen. Thomas Libous. “Binghamton University’s Downtown Center brought in private investment and activity to revitalize downtown Binghamton. The pharmacy school will bring those same new opportunities to downtown Johnson City.”
“This year’s state budget provides support for the continuation of Binghamton University’s remarkable growth and development,” said Assemblywoman Donna Lupardo. “Funding to help start the new pharmacy school will enhance Binghamton University’s growing presence in the community.”
Stenger has said the pharmacy school will help Binghamton with its stature as a premier research university. “The new school will build on our strengths in health sciences and healthcare, engaging world-class researchers, students, entrepreneurs, health science corporations and healthcare partners in cutting-edge, transdisciplinary research, integrated product development and innovative education in pharmacy.”
While the budget figures are not official until the SUNY Board of Trustees allocates the funds, University officials said they expect this year’s state support to be in line with last year’s.
Vice President for Administration James Van Voorst said the state funds, coupled with the revenue generated by tuition under the rational tuition program, will allow the University to continue to implement its NYSUNY 2020 plan.
“We will continue to increase undergraduate and graduate student enrollment, faculty and staff hires, and financial support for students as well as pursue the initiatives identified through our Road Map process,” Van Voorst said.
According to Vice President for Research Bahgat Sammakia, the nearly $900,000 included in the budget for the Center of Excellence will be dedicated to activities that support faculty research and infrastructure that have a positive impact on our local and global community, including economic development and technology transfer. The funds will also help support a number of graduate students and staff who are conducting research and development in electronic systems integration and packaging in support of local and New York state-wide industry.
According to the executive budget summary, the goal of this year’s state spending plan is to allow SUNY to strengthen its ability to excel both academically and as an economic engine. Cuomo and legislative leaders said the strategic investments they are making today will yield further academic gains, create employment opportunities and connect graduates to jobs.
The SUNY Board of Trustees is expected to finalize the SUNY spending plan at its next meeting in May.