As stewards of Rutgers’ financial resources, we’re also stewards of the university mission. We supply senior leadership the professional guidance, services, tools, and other information that they need to make the informed decisions that contribute to Rutgers’ standing as an academic, health, and research powerhouse.
The Rutgers Budget
As the State University of New Jersey, Rutgers receives revenue from private and public sources and, as with other public institutions, government funding is a vital part of our annual budget.
Tuition and fees, direct state appropriations, and state-paid fringe benefits are the primary means of support for Rutgers’ premier educational offerings. We derive additional revenue from public and private grants and contracts, auxiliary enterprises (such as student housing and dining), contributions from donors, and endowment and investment income.
External research funding brings hundreds of millions of dollars to the university each year, providing critical support for the promising scientific endeavors that have led Rutgers to be revolutionary for more than 250 years.
Underpinning the budget is a responsibility center management budget model, a quantitative system that manages the flow of funds across the university through a set of principles, rules, formulas, and policies.
Facts and Figures
Fiscal Year Budget
In June 2022, the Rutgers Board of Governors adopted a working budget for fiscal year 2022–2023. This budget was designed to serve as the financial blueprint through June 30, 2023.
Please be aware that these are Budget Office due dates, which are subject to change. Chancellors and Vice Presidents may have different internal deadlines.
Rutgers’ budget process incorporates the annual State of New Jersey’s budget process with the university’s local planning and budgeting process to develop the annual fiscal year budget for the university. Rutgers utilizes a decentralized budget model, known as responsibility centered management (RCM) model, that allows the university to align resources with the units that generate them and assign direct and indirect costs based on the activities that support the university mission.