U of I board approves $6.5 billion 2018 budget

Posted on 11/16/2017

The University of Illinois Board of Trustees on Thursday approved a fiscal 2018 budget that holds the line on spending while increasing enrollment to another record high and extending a tuition freeze for in-state freshmen this fall.

Day-to-day operating costs will remain nearly flat, increasing by only 0.3 percent across the three-university system. Overall costs under the $6.5 billion budget are up $92.1 million, or 1.4 percent, less than the latest 2.2 percent inflation rate measured by the U.S. Labor Department.

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