BATON ROUGE, La. (AP) - The University of Louisiana System Board of Supervisors has approved a $762 million budget that represents a $38 million cut from last year's sum.
The nine-campus UL System is Louisiana's biggest state-run network of higher education.
The Times-Picayune reports the budget for the fiscal year that started July 1 accounts for 38% of the budget, continuing a drop in revenue from the state -- $295.4 million, compared with slightly more than $329 million last year.
The proportion coming from self-generated funds, such as tuition and other fees, is $466.5 million, down nearly $5 million from last year.
Even though UL System campuses have been allowed to raise tuition, system personnel said at Tuesday's meeting the costs of employee benefits and retirement programs have also increased.
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