LINCOLN- Next week, at its June 23 meeting, the NU Board of Regents will consider a general operating budget proposal reflecting 1.3% growth over the current fiscal year to top $1.03 billion.

While the total budget is increasing by nearly $12.9 million, NU’s year-over-year growth is less than half of the state’s 2.8% average annual growth rate, and far below the current 8.6% inflation rate.

As tuition rates are continuing to increase at institutions across the country, NU will hold the line on its per credit hour costs for the second straight year, President Ted Carter said, part of what he characterized as a “modest” budget blueprint resulting from collaborations among the university, the Legislature and Gov. Pete Ricketts.

UNL President Ted Carter said the budget that will go before regents next week is the result of three years of work that began at the outset of the coronavirus pandemic in March 2020.

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