NEW YORK (AP) _ This year's Pulitzer Prize winners will receive awards of $7,500, up from $5,000.

``We decided to progressively increase the size of the monetary payment in keeping with what our finances allow,'' Seymour Topping, administrator of journalism's highest honor, said Monday. ``In other words, in keeping with what we can afford.''

The Pulitzer Prizes are awarded for outstanding achievement in journalism, literature and music. The cash prize was raised to $5,000 from $3,000 in 1997.

Winners of the 2001 Pulitzers will be announced Monday at Columbia University.

The prizes are funded through fees paid by the entrants themselves and through an independent endowment created by newspaper publisher Joseph Pulitzer in his will.

___

On the Net:

Pulitzer Prizes: http://www.pulitzer.org