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U of I Trustees Approve $5B Budget
URBANA, Ill. (AP) -- University of Illinois trustee have approved a proposed $5 billion budget for the school's three campuses.

The Board of Trustees on Friday approved the budget, which is a 5 percent increase from fiscal year 2011. It includes $693 million in state money and $939 million from the University Income Fund, which is largely tuition money. The budget would fund campuses in Urbana-Champaign, Chicago and Springfield.

The university system has been undertaking cost-saving measures since 2009 and the budget includes a savings of $26 million because of those efforts. Trustees also looked ahead to the 2013 fiscal year and approved a budget request for an additional $83 million in state funding. That request will be submitted for consideration from the Illinois Board of Higher Education.

(Copyright 2011 by The Associated Press. All Rights Reserved.)
09 10 11 by Newsroom
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