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Article: BAYLOR UNIVERSITY BOARD OF REGENTS APPROVE $345 MILLION OPERATING BUDGET FOR 2007-08

Article from:
US Fed News Service, Including US State News
Article date:
May 11, 2007
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Baylor University, a component of the public university system in Texas, issued the following news release:

The Baylor University Board of Regents at its spring meeting today approved a $345 million operating budget for 2007-08.

Next year's budget, which takes effect June 1, reflects an increase of $19 million or 5.9 percent over the adjusted 2006-07 budget. The new budget includes an increase of $12.8 million or 16.9 percent in merit and need-based scholarships, and graduate assistantships.

Personnel costs will increase by $19.6 million or 10.6 percent, which includes $6.8 million to support salary increases for faculty and staff. Assuming average starting salaries, the budget also ...

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