UConn to seek $79 million more from the state
MANSFIELD, Conn. (AP) — The University of Connecticut is asking for $79 million more from the state to cover labor expenses and capital improvements.
The Connecticut Post reported Wednesday the university Board of Trustees has approved a request from the chief financial officer for $234.3 million for the 2019-20 fiscal year, and $269.7 million in the 2020-21 fiscal year.
The request includes a $20.9 million increase in funding for the university’s Next Generation initiative, which focuses on expanding programs in science, technology, engineering and math.
UConn Chief Financial Officer Scott Jordan says the university will be able to balance its budget for the upcoming fiscal years if the request is approved. Otherwise, the university may need to revisit its tuition plan.
The governor’s office will review the request while preparing a state budget.
Information from: Connecticut Post, http://www.connpost.com