Monday, August 30, 2010

Budget decreases: what can students expect? - Aaron Gotter, Patriot News

The FMU Board of Trustees adopted a $47.5 million operation budget for the University's 2010-2011 fiscal year during its quarterly meeting June 18 that included a tuition increase of 6.5 percent per semester. The new budget was designed as a response to a series of state appropriation reductions that started back in the 2008-2009 fiscal year. "We have gone, in one year, from $14.6 million to $10.5 million," FMU President Luther F. Carter said. "Every state university has received exactly the same levels of cuts. The problem is that now they are starting to substantially affect most of the universities."