URBANA, Ill. -- Trustees at the University of Illinois have approved a $5.6 billion fiscal year 2014 budget for the system's campuses.
Trustees approved the budget at their meeting Thursday in Urbana. The budget is a 1.2 percent increase over the previous fiscal year. Authorities say it's the smallest increase in more than two decades.
Contact information ( * required )
University President Robert Easter says the schools are "weathering our financial challenges."
Officials say the direct state appropriation for the University of Illinois increased slightly by $1.2 million for fiscal year 2014 to about $669 million. However they point out that the figure is down from a peak $804 million in fiscal year 2002.
The system includes campuses in Urbana-Champaign, Springfield and Chicago.