Regents to consider $963 million budget

The University of Alaska Board of Regents is poised to take up a proposed $963 million spending plan at its meeting in Anchorage.

The Fairbanks Daily News-Miner says the fiscal year 2013 plan to be considered Wednesday amounts to a 4.2 percent increase from this year’s budget. The operating budget calls for a $384 million state contribution. The remaining funds would come largely from a combination of tuition, fees and federal grants.

The proposed capital budget includes the remaining $108.9 million needed to complete new engineering buildings at the Anchorage and Fairbanks campuses. The Legislature approved $100 million for the first phase of that project earlier this year.

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