Funding the Operating Budget The Free Academy, CUNY as a System, and the CUNY Compact (original) (raw)

Abstract

Public higher education in New York City began with the Free Academy in 1847. The Free Academy was renamed The City College of New York, in 1866, and over time additional public institutions such as the Normal College, later renamed Hunter College, Brooklyn College, Queens College, Lehman College and a number of community colleges were also established. By 1960, there was a will and a desire to reorganize the public higher education institutions into a unified system, which became the City University of New York in 1961. 52 years later, many more colleges and schools have been created, and CUNY is now comprised of 24 institutions. In November 2005, the CUNY board of Trustees approved Chancellor Matthew Goldstein’s proposed New York State Compact for Higher Education, a formalized funding model to support the University’s operating costs. The new plan outlined desired financial commitments from the city and state, philanthropy goals, administrative efficiency expectations and a regularized tuition increase policy. This paper examines and compares funding for the operating budgets of the Free Academy in 1847 and the following decades; CUNY in the 1960s when it became a system; and the University’s current model: the New York State Compact for Higher Education. Note: Funding for Capital projects at CUNY is addressed through a process outside of the New York State Compact for Higher Education, and is therefore not included in this research.

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