The University of Louisiana System Board of Supervisors on Tuesday unanimously approved a $762 million budget that represents a $38 million cut from last year's sum. The nine-campus UL System, which includes the University of New Orleans, is Louisiana's biggest state-run network of higher education, with about 41 percent of the enrollment in the four state systems.
The budget for the fiscal year that started July 1 accounts for 38 percent of the budget, continuing a drop in revenue from the state -- $295.4 million, compared with slightly more than $329 million last year.
The proportion coming from self-generated funds, such as tuition and other fees, is $466.5 million, down nearly $5 million from last year.
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