Ohio Trustees Adopt 2013 Budget

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Ohio University has a new budget.

It's for the fiscal year that starts July 1 and totals $786 million.

That's an increase of a little less than 5 percent from 2012.

Steve Golding says the budget "focuses on making key strategic investments as a result of a modest tuition increase and increased state appropriations."

Golding is Vice President for Finance and Administration and he goes on to say the budget includes "the reallocation of funding created by operating budget savings."

The spending plan was approved today by the O-U trustees.

It was put together based on the assumption of a "small enrollment increase" and employee raises of 2.5%.