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Show Regents Announce 1968 -'69 Budget The Board of Regents Monday approved a University budget for 1968-69 of $65,567,000. Even with the assumed four per cent reduction reduc-tion in state appropriations, this marks a budget increase of $5,482,-000 $5,482,-000 or 15.8 per cent over total operations oper-ations for 1967-68. Besides the four per cent state reduction for 1968-69, the budget also had to absorb the $128,000 transferred to the current year to ease the impact of a similar reduction reduc-tion in 1967-68. Yet, even assuming assum-ing the 4 per cent reduction, state appropriations for 1968-69 will exceed ex-ceed 1967-68 appropriations by $1,-996,000. $1,-996,000. Other sources for the increased income include the recently announced an-nounced tuition raise: $10 per quarter quar-ter for resident students and $17 per quarter for non-resident students, stud-ents, and an estimated 6.2 per cent increase to $16,247 of daytime student stu-dent enrollment. The increased activity in research re-search contracts and training grants also is expected to produce additional income. Increases in the general administration adminis-tration and medical center opera tions budget account for nearly & of the $5,482,000 total budget fc crease. Budget increases over 135; 68 for the College of Medicine arc the University Hospital total J, 088,000. Total medical budget t $9,720,000. The general adirnnistration U get has increased $3,672,000 ove the 1967-68 budget of $21,844,000, a 14.8 per cent increase. Geiai administration includes the admin istrational offices, student servW hbrary services, paysicaJ mamtenance and instruction. KUED (educational TV) aDnro Federal sourCes sm WwWe greatest source oi mco to ftf University. Federal sources will , crease from $19,639,000 to $20,4fiff 000, providing 32.7 per cent oi tty( total University budget. State ? 1 propriations will provide $16,94' or 25.6 per cent of the budgfi though student income will im from $6,710,000 to $7,831,00?aiW fees will provide 11.9 perRnoi the total budget. (Student fees p vided 11.2 per cent of 1967-68'stt get) Although average full-time fat; ulty salaries (full professors) ffi-increase ffi-increase by approximately University salaries are still 1 the U.S. average for public m versities and the average for west era universities. j The budget report presented t the Board of Regents also include: a 1967 price level increase ol K versity items. According to the i port, periodicals and books W increased almost 8 per cent The- University also revealed !0 i peases for January were W 735.791, the approximate amount the 1968-69- increase. . |
