The House and Senate have each released their budget proposals. Budget negotiations are underway, and a final budget deal is expected later this month.
Operating budget
| Governor | House | Senate | |
| Peninsulas | $4,700,000 | $4,694,000 | $6,496,000 |
| Retention and Success | $2,800,000 | $2,812,000 | $1,577,000 |
| Community Safety & Resilience | $1,300,000 | $100,000 | |
| IT Infrastructure Replacement | $3,400,000 | $3,000,000 | $3,000,000 |
| M&O Fund Shift | $3,614,000 | Capital | $3,614,000 |
| Total: | $15,814,000 | $10,506,000 | $14,687,000 |
Compensation note: The Governor’s budget and Senate budget each included support for 66% of a 4% general wage increase in FY24 and a 3% increase in FY 25. The House budget included support for 70% of those increases.
Capital budget
| Governor | House | Senate | |
| Student Development Success Center | $53,750,000 | $53,750,000 | $47,950,000 |
| Minor Works – Preservation | $9,340,000 | $4,888,000 | $8,775,000 |
| Access Control Security Upgrades | $8,475,000 | $8,475,000 | |
| Environmental Sciences Renovation | $500,000 | $500,000 | |
| Classroom and Lab Upgrades | $1,500,000 | $1,500,000 | |
| Minor Works – Program | $3,000,000 | $3,000,000 | $2,500,000 |
| Heating Conversion Project – Phase 1 | $10,000,000 | $10,000,000 | $10,000,000 |
| Preventative Facility Maintenance | Operating | $3,614,000 | Operating |
| Total: | $86,565,000 | $75,252,000 | $79,700,000 |