Board approves $6.7 billion FY2027 budget as tuition share grows
Trustees approved a $6.7 billion FY2027 operating budget that board staff said represents a 14% increase over FY2026; presentation highlighted tuition and self‑generated revenue now comprising the majority of system funding and that UMMC remains the largest budget component.
The full story
The Board of Trustees approved the Institutions of Higher Learning system’s FY2027 annual operating budget, a proposal Dr. Pierce described as a $6.7 billion plan and a 14% increase over the prior year. Trustees voted to adopt the recommended budget after Dr. Pierce reviewed revenue composition, expenditure priorities and year‑to‑year changes.
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