UK Trustees Approve New Budget

UK Trustees have approved a budget that is slightly smaller than last year’s.

The Trustees gave the okay to a plan to spend $2.6 billion.

There are no raises for employees.

But President Eli Capilouto says he wants to set aside money for some merit pay raises during the 2013-2014 fiscal year.

The new budget also includes an extra $10 million to cover existing scholarships, and to expand some scholarship programs.

Tuition will go up 6% this year.

The new budget kicks in July 1st.

Categories: Local News, News

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