Recent one-time state funding of $63.7 million covered collective bargaining increases, legacy fringe benefit costs and an extra pay period in calendar year 2022, said Lloyd Blanchard, UConn’s interim vice president for administration and chief financial officer. The increases included bonuses and raises. “Salaries and wages tend to be permanent expenditures,” Blanchard told the Board of Trustees last week. “They happen every year.” The state typically covers costs for certain employees but not for others, leaving the university system with a possible loss of $47 million if the state doesn’t provide additional funding again for fiscal year 2024, he said.
