https://www.tallahassee.com/story/news/2018/06/08/fsu-trustees-approve-1-8-billion-budget-next-year-focus-academics-student-life/685990002/
Florida State University’s board of trustees Friday approved a $1.8 billion budget for next year that includes spending to hire more than 100 new faculty members, boosting scholarships for incoming students and increasing student success initiatives.
The spending plan represents a $130 million increase from this year’s budget. It is bolstered by a $25 million increase in new state funding, along with restricted increases in Pell grants ($17 million); state grants $34 million) and money from other grants and donations ($30 million).
Kyle Clark, vice president for finance and administration, told trustees FSU is expecting $2.8 million in new performance funding and an estimated $6.1 million in recurring preeminence funding.
FSU President John Thrasher said he’s pleased with next year’s budget and what it provides for the university’s focus on student success, including the hiring of the new faculty.
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