NMU Board Approves General Fund Budget, Extends President’s Contract

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GLR News Update

GLR News Update

Marquette, MI – (Great Lakes Radio News) – Northern Michigan University’s Board of Trustees has approved their general fund operating budget for next year.

The board approved the nearly $108 million budget at their regular meeting today on campus.

The budget is $2 million higher than last year with the increase is attributed mainly to contractual obligations and rising utility costs.

The board also approved the five-year master plan for campus facilities and a related capital request.

The top two priority projects identified by NMU are: a revitalized Technical Career and Engineering Technology Facility in the Jacobetti Complex and an Academic Teaching and Business Innovation Center in the McClintock building.

Renovations to the Learning Resources Center were scaled-down by the Board to address the facility’s most critical needs and upgrades.

The Board also unanimously approved 2 percent raise and a one-year contract extension for NMU President Fritz Erickson.