University approves budget

    Anchorage, Alaska (KINY) The Board of Regents approved a budget increase for the first time in four years.

    The fiscal year 2019 budget includes $327 million in state general funds.  The state legislature increased funding by $10 million over last year.

    The legislature also approved an additional $5 million for capital projects.  This will help the University system catch up with a large back log of deferred maintenance project estimated to cost $1 billion.  The capital budget totals $40 million.

    More from News of the North

    Crude Oil Price

    Current Conditions