Denver (AP) State higher education officials have approved a preliminary budget that says public colleges and universities in Colorado can raise tuition rates by no more than 2.5% for the 2006–07 school year, but for the first time in several years, the budget proposal from the Colorado Commission on Higher Education also would increase state funding for colleges and universities.
The proposal still has to be presented to lawmakers for a vote. It represents a $65 million increase over last year's $500 million budget. The additional money would be for salaries for certain employees, for utility costs and for insurance, costs outside the universities' control.
At C.U., officials say those costs will be about $23 million next year. Without the additional state money, Budget and Finance Vice President Robert Moore says C.U. would have to turn to tuition increases to cover those costs.
Copyright 2005 by the Associated Press. All rights reserved.
© KKCO NBC 11 News - All Rights Reserved