UA Regents approve budget with $6 million less than 2016

    Overall, the budget is $5.8 million less than last year.

    FAIRBANKS, Alaska (AP) — The University of Alaska Board of Regents has approved a budget for fiscal year 2017 that cuts almost $6 million from the previous year's budget.

    The Fairbanks Daily News-Miner reports that on Friday the board approved a $909 million budget for fiscal 2017, with $334 million in projected state funding. Overall the budget is $5.8 million less than fiscal 2016's budget, with about $16 million less in state funding.

    That budget will be split between the system's campuses, with $454 million for the University of Alaska Fairbanks, including $147 million in state funding. The University of Alaska Anchorage and University of Alaska Southeast experienced roughly the same level of reduction.

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