UofL trustees committee approves budget with 5 percent cut, 4 percent tuition hike - JOE SONKA, Insider Louisville

The finance committee of the University of Louisville board of trustees approved a proposed budget for the next fiscal year at the meeting on Wednesday, which institutes a 5 percent cut in general fund spending and a 4 percent increase in student tuition. The trustees and new president Neeli Bendapudi had previously signaled that both the budget cut and tuition increase would be necessary for the next academic year, citing continued cuts in state appropriations, a drop in endowment spending from the UofL Foundation and a need the university’s emergency cash on hand. https://insiderlouisville.com/education/higher-education/uofl-trustees-committee-approves-budget-with-5-percent-cut-4-percent-tuition-hike/