Wright State trustees approve new budget

The Wright State University Board of Trustees has approved a budget for fiscal 2013 and a tuition increase.

By a unanimous vote, the trustees on June 8 passed a resolution approving an annual operating budget of $301 million and a 3.5 percent tuition increase.

The budget is designed to capitalize on Wright State’s financial stewardship, delivering student success and driving economic development. It is virtually identical in total to that of 2012 and is part of an overall budget of nearly $444 million, which includes money for restricted use that comes from research grants and contracts.

The trustees approved an undergraduate tuition this fall of $8,354 per year, an increase of $284 per student over last year’s tuition of $8,070. Wright State’s tuition is tracking at, or below, the U.S. national average for four-year public universities.

The budget strives to enhance student success, fuel economic development, spur entrepreneurism and provide professional development opportunities for faculty and staff.

The trustees also by unanimous vote named Larry Klaben as the new board chairman.