Marshall U Boosts Budget, Wages, Tuition Hikes Under Inflation
Charleston West Virginia News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Marshall Universitys Board of Governors has approved a $383 million budget for fiscal year 2027, with a 2.5% increase in in-state tuition. This budget reflects a significant reduction in the operating deficit, from $27.7 million in 2023 to a projected $2.9 million in 2027. The university has achieved this by increasing enrollment by 22% without significantly raising fees, keeping tuition hikes below inflation, and investing in staff and research. They have also implemented a $550,000 adjustment to reach market wages, raising the minimum wage for campus workers to $14 per hour. Out-of-state and international rates remain unchanged. President Brad Smith describes this as a significant milestone, but emphasizes that the work continues this summer as the university focuses on future plans.
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