PRESQUE ISLE, Maine — Leaders of the University of Maine System will weigh a $540 million budget for the next fiscal year on Monday. That budget includes the first tuition bump in six years, bringing an end to an unusual streak among public higher education institutions in the U.S.
The system’s board of trustees is scheduled to meet for its regular two-day meeting on May 21 and 22 at the University of Maine in Presque Isle.
The system expects expenses for Fiscal Year 2018 to increase 4 percent over the current budget, but also expects to see a revenue increase of $20.5 million to keep pace.
More than half that revenue comes from student tuition, which under this budget would see its first increase for in-state students in six years. The inflation-based tuition hikes range from 2.5 percent at the flagship campus in Orono to 5 percent at the University of Maine at Augusta.
The County is pleased to feature content from our sister company, Bangor Daily News. To read the rest of “University of Maine System to get its first tuition bump in six years,” an article by contributing Bangor Daily News staff writer Nick McCrea, please follow this link to the BDN online.
