LINCOLN- The University of Nebraska System will close its budget shortfall while keeping tuition affordable under a new proposed 2024-2025 budget from interim President Chris Kabourek. The proposed $1.11 billion budget, which is to be presented to the Board of Regents on June 20th, also includes nearly $12 million in permanent cuts and a "modest" tuition increase.

"This is a responsible budget that puts us in a strong position for the year ahead," Kabourek said of his proposal, "We will need to be disciplined in prioritizing our spending, but I'm very pleased that we have built a plan that allows us to make investments that will have a major impact for student, our workforce, and Nebraska's competitiveness."

The budget cuts housed in the proposal will be spread across NU's four campuses and the Office of the President. The tuition increase would equate to a $135 increase per semester, or $1.29 per day for UNL students, $1.14 per day for UNO students, and $1 per day for UNK students. The proposed budget also contains a 3% merit-based salary increase for non-unionized faculty and staff and a $1.5 million expansion of the Presidential Scholars Program.

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