The University of Colorado’s Boulder campus is proposing $39 million in new spending in the 2017-18 fiscal year so that it can maintain aging campus buildings, boost the salaries of its employees and offer more financial aid to needy students.
Campus finance officials unveiled their proposed $805 million budget to the CU Board of Regents this week. The regents asked questions during the meeting, but are not scheduled to take action on the 2017-18 budget until April.
As proposed, the Boulder campus’s new spending would be funded by increases in student enrollment and tuition.
This will be the second year of the campus’s new four-year tuition guarantee for in-state students, so returning undergraduates won’t see their tuition go up next year.
The same is true for out-of-state and international students, who have had a tuition guarantee since the fall of 2005.
“All continuing students will see a zero percentage change,” said Kelly Fox, the chief financial officer on the Boulder campus. “(The increase to) incoming students’ tuition and fees is going to be capped at 5 percent.”
