Monday, June 26, 2017

Murray State University approves $166M budget - Ashley Sanchez, WPSD

Your kids will see an increase in tuition if they're going to Murray State this fall. The MSU Board of Regents approved a $166 million budget for the 2017-2018 school year. Between bringing in less revenue and having to spend more, university leaders had to find a way to make up for a $7.3 million shortfall to balance the budget. Before announcing the budget, Murray State University President Robert Davies explained the priorities used to reach a budget. "It's about people, places, programs and created revenues to offset a decline in state appropriations," Davies said. In addition to that decline, the college has also been bringing in less money. A major reason is enrollment. "Enrollment drives the institution. Enrollment drives your budget. It drives your hiring. It drives everything," said Associate Vice President of Enrollment Management Fred Dietz.

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