UConn balances books despite big gaps in state aid
A key University of Connecticut panel Tuesday endorsed new main campus and health center budgets that preserve programs while managing significant shortfalls caused by state government’s huge, unfunded pension liabilities.
The Financial Affairs Committee unanimously recommended a $1.33 billion budget for the main campus in Storrs and for the satellite campuses, as well as a $1.13 billion budget for the Farmington-based health center.
Tuition and fee hikes under previously approved schedules would go forward under the budget plan, but no supplemental increases would be needed.
The full Board of Trustees tentatively is scheduled to vote on the plans on June 26.
Read more: https://ctmirror.org/2019/06/11/uconn-balances-books-despite-big-gaps-in-state-aid/