UConn Trustees Approve Budget With Nearly 3 Percent Increase

Friday, June 29, 2012
The University of Connecticuttrustees approved a budget for the next fiscal year that is 2.9 percent more than the current year. At a meeting Thursday the trustees approved a $1.05 billion budget that reflects an increase in revenue from tuition and fees, but no increase in the state's block grant to the university. University officials had hoped for an increase of .5, or an extra $1 million, from the state. "Staying the same, there's a lot to be grateful for," said UConn President Susan Herbst of the flat block grant. " "We feel very fortunate that we are able to move forward on what we think is important even though the budget is flat." Richard Gray, UConn's executive vice president and chief financial officer, said the governor had put the extra money into his budget proposal. "I'm not whining at all. Everybody else had to make cuts… I'm not critical at all about this," he said.

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