At the University of Nebraska’s budget hearing, President Jeffrey P. Gold spoke about the university’s vital role in boosting the state’s economy. He stressed the need for ongoing support for higher education.
“For 155 years, we’ve been central to Nebraska’s growth,” Dr. Gold explained. “The university isn’t just about education; it’s a key driver of economic progress and opportunity for everyone in the state.”
Dr. Gold outlined the impressive return on investment the university brings: for every dollar of state funding, the state sees a $10 return. The university contributes $6.4 billion to Nebraska’s economy each year and supports 52,000 jobs. It plays a crucial role in training the future workforce, enhancing important sectors like agriculture and healthcare, and fostering innovations that help Nebraska communities.
However, Dr. Gold warned that proposed budget cuts could hinder the university’s ability to support students and conduct essential research. He highlighted that reductions in state and federal funding could affect Nebraska’s economic future.
“Investing in the University of Nebraska is one of the smartest decisions our state can make,” he said. “We must keep supporting quality education and affordable tuition to attract great faculty and researchers who contribute positively to Nebraska.”
Dr. Gold requested a 3.5% increase in state funding for the next two years. He noted that the university has already cut over $100 million in costs, showing its commitment to financial responsibility.
“Our decisions today will shape Nebraska’s future,” he reminded everyone. “By backing the University of Nebraska, we invest in the success of our students and the growth of our economy.”
Other supporters echoed Dr. Gold’s sentiments during the hearing:
- Regent Paul Kenney: “Supporting the University of Nebraska means investing in the future of our state, including a stronger workforce and healthier communities.”
- Dr. Joann Sweasy: “Cutting support for biomedical research impacts patient care and future treatments directly.”
- Bri Hoffman: “Research played a crucial role in Jack’s life, and we need to continue this work to help others.”
- Regent Tim Clare: “We have the opportunity for greatness in diversifying our economy. A strong strategy is essential for our long-term success.”
- Student Regent Ishani Adidam: “Investing in our students is vital. Talent is key to Nebraska’s growth, and we must provide opportunities for success.”
- Regent Jim Scheer: “The future of our state relies on nurturing talent and supporting research and education.”
- Rob Robertson: “We believe in President Gold’s vision for aligning university budgets with state needs.”
- Jordyn Bader: “The university has been transformational for my career, helping me launch a company that impacts our economy.”
- Heath Mello: “Failure to fund the university adequately risks our business innovation and could lead to graduates seeking opportunities elsewhere.
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