FRANKFORT, Ky. (AP) - Officials with Kentucky State University say they've pushed past the biggest budget deficit in years and balanced the budget by hiking tuition, imposing a hiring freeze and dipping into reserves.
The school's Board of Regents unanimously approved the $61.8 million budget for the upcoming school year during a special meeting Monday.
The State-Journal reported (http://bit.ly/Lv9VEH) that the overall budget is $3.2 million more than the current fiscal year.
Employees won't receive raises, and hiring will freeze except for essential positions.
The plan could also rely on using up to $2.5 million from reserves and rollover funds to balance the budget.
In-state students will pay $254 per credit hour for up to 12 hours. Each credit hour beyond that costs $127. Out-of-state undergraduates will see an increase from $581 to $610.
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