Trustees Ok 10% Tuition Increase $520.7m Budget at Ums Approved

Summary

---

PRESQUE ISLE - The University of Maine System board of trustees adopted a $520.7 million budget Monday for the upcoming fiscal year, which includes an average 10 percent increase in tuition at Maine's seven university campuses and a $15.7 million cut in personnel and operating costs.

"We treat tuition and fees as the revenue source of last resort," UMS Chancellor Richard Pattenaude stated in a press release Monday. "The combination of budget cuts and tuition increase were designed to maintain academic quality and to minimize, to the greatest extent possible, the size of the tuition increase."

See the full content of this document

Extract

---

Trustees Ok 10% Tuition Increase $520.7m Budget at Ums Approved

State funding constitutes roughly half of the UMS general operating budget with student tuition and fees making up the other half. Excluding targeted appropriations for university-based research, the state budget for the new fiscal year funds the system at essentially the same dollar amount as for the current year.

The current st...

See the full content of this document

---