- Associated Press - Thursday, September 11, 2014

URBANA, Ill. (AP) - University of Illinois trustees on Thursday approved a $5.64 billion budget for the current fiscal year. That’s an increase of $11.1 million, or .2 percent.

University President Robert Easter said the small increase reflects in part of the university’s hope that it can keep students costs from rising too rapidly. A year on campus at the flagship campus in Urbana-Champaign costs a student more than $20,000.

The vote by the Board of Trustees approving the new spending plan was unanimous and made without comment.

The new budget includes $4.5 billion for daily operations at the three campuses in Urbana-Champaign, Springfield and Chicago.

The state appropriation this year is $667.5 million. Tuition provides $1.1 billion.

The budget includes money for merit pay raises that will average 2.5 percent, which Easter called critical to hiring and holding onto key faculty.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide