Budget proposal includes 3 percent increase for compensation

The Board of Regents on Wednesday reviewed the 2019-20 budget and fee proposal, which includes a 3 percent increase in compensation and benefits, as recommended in Gov. Jared Polis’ proposed state budget.

The proposal as presented by Todd Saliman, vice president for budget and finance and chief financial officer, also incorporates flat tuition as required in the governor’s proposal.

The 3 percent merit pool totals $36.4 million.

Because state leaders are discussing potential changes to the formula that determines the portion of funding that each higher education institutions receives from the state, Saliman said CU’s expected 14 percent funding increase might end up smaller. In that case, adjustments to some budget items would be necessary.

Read more on the budget in CU Boulder Today.