UI BOT approves $6.8 billion fiscal budget

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UNIVERSITY OF ILLINOIS (WCIA) — Thursday, the UI Board of Trustees approved a $6.8 billion budget for fiscal 2019 with nearly $300 million in projected new revenue which will help fund key educational and research priorities such as faculty, facilities and student financial aid.

The budget for the fiscal year which runs through June is up 4.6%, or $298.3 million, from $6.5 billion last year to fund operations and employee benefits for the system and all three campuses.

President Tim Killeen said projected revenue increases from tuition, state appropriations and private fundraising will support the system’s ongoing efforts to ensure student access and affordability, and to continue building on its legacy of academic and research excellence.

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