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June 26, 1997

Trustees voting on FY98 budget today

At an 8:30 a.m. meeting today, June 26, Pitt's Board of Trustees is expected to approve a 1997-98 operating budget that includes a 4.5 percent tuition hike this fall for in-state students and 5.5 percent for out-of-state students.

Full-time tuition for most Pennsylvania resident undergraduates would increase to $5,658 a year, while nonresidents would pay $12,422.

The budget also would increase the pool of money for faculty and staff salary raises by 3 percent, while reducing the overall compensation base by 1 percent.

The trustees' budget committee endorsed the $855.1 million operating budget — together with a $60.1 million capital budget — last week.

The budgets now require the full board's approval, which seems virtually assured.

"I think it's a well thought-out budget. A lot of people have had a hand in making it and looking at it, and I would think the board will approve it," said trustee Frank V. Cahouet, who chairs the budget committee.

–Bruce Steele

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