Board of Regents approves $5.52 billion budget

The Board of Regents today approved a $5.52 billion budget for the 2022-23 fiscal year. The systemwide total reflects a 3.2% increase over CU’s budget for the current year. As presented at today’s board meeting, the budget includes a 3% across-the-board compensation increase for classified staff and a 3% merit pool for faculty and non-classified staff, and makes investments in institutional financial aid, deferred maintenance in facilities, campus budget initiatives and advancing the systemwide strategic plan.