The Miami University Board of Trustees approved the fiscal year 2027 budget and heard presentations on MiamiTHRIVE and athletics at their June 26 meeting. The board also authorized the creation of the Cleveland Clinic president’s fund, which would be used partially to fund the joint quantum computing initiative with the Cleveland Clinic.
The board voted to reallocate $40 million originally designated for Hamilton campus’ polytechnic institute toward the Farmer School of Business. Farmer has been an interest for many prospective students, and enrollment has remained strong for the past several years, however, the school will need more classroom space in the future.
Hamilton’s polytechnic institute has experienced delays and is pending a name change, after which Miami is expected to begin a heavy marketing campaign to help propel, said David Creamer, senior vice president for finance and business services.
“Given some of the delays [for the polytechnic institute] and the advancing project for [the] Farmer School of Business, we made a very last-minute request of the legislature to shift our priority from the Hamilton campus to the Farmer School of Business,” Creamer said.
Brent Shock and Melissa Thomasson presented on the MiamiTHRIVE initiative, which is now in its third phase. Online revenue exceeded target growth by 106%, and there is continued demand and interest from out-of-state applicants.
Under the MiamiTHRIVE program, the university has partnered with both the Cleveland Clinic and the Cincinnati Bengals to create new opportunities for students. This summer, about 25 Miami students are interning with the clinic.
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Miami Central, the system which isreplaceing The Hub, is also part of the MiamiTHRIVE initiative, and has already been rolled out for student organizations to register. Around 450 organizations have registered so far, Shock said.
MiamiTHRIVE requested almost $10.5 million for their 2027 budget, $8 million in new expenditures and $2 million in funding that was unspent in 2026 and would roll over into the new year.
David Saylor, director of athletics, gave a presentation on Miami’s athletic programs in the last year. He noted the success of both men’s and women's basketball programs.
Miami finished the year with 209 wins across all sports, the most in a single year in Miami history. Miami also took home eight conference titles this year and had three nationally ranked teams: ice hockey, field hockey and men’s basketball.
Saylor also said he was excited about the way coaches in different disciplines have been able to talk to and support each other. He also talked about the culture and student support, citing the Miami swim team’s appearance at many men’s basketball games.
“You all make this place easy to hire coaches into, because they want to come here and be a part of this university,” Saylor said.
The board will meet again on September 24-25 at the Marcum Hotel.
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