U seeks financial partnership with state

On Friday, October 8, President Bob Bruininks presented his legislative request to the Board of Regents at the regents' monthly meeting. The biennial budget proposal for fiscal years 2006 and 2007 calls for a "50-50 partnership" with the state, in which the state would contribute $84 million in new funding to the University over the two-year period. In return, the University would generate its share of new funding through tuition increases of 5.5 percent each year (generating $27 million per year) plus internal reallocations of $30 million.

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