U of Illinois plans $4.45 billion budget - Wandtv.com, NewsCenter17, StormCenter17, Central Illinois News-

U of Illinois plans $4.45 billion budget

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Urbana -- University of Illinois administrators are proposing a $4.45 billion operating budget for the fiscal year that ends in June -- a 1.2 percent increase.

 

It is the smallest increase in years.

 

The proposed budget includes an additional $52 million in tuition revenue. The school also expects to get a 0.2 percent increase in state aid.

 

Administrators are planning to dole out 2.75 percent raises to faculty and staff members. Those raises will take effect this month.

 

Christophe Pierre is vice president for academic affairs. He says U of I is increasingly relying on tuition hikes to meet its financial needs. But that's could cause problems because trustees agreed to keep tuition increases from rising dramatically.

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