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\nDuring a special called meeting on Friday, the Western Kentucky University Board of Regents approved the university\u2019s 2025 fiscal year operating budget.<\/p>\n
\nDuring a special called meeting on Friday, the Western Kentucky University Board of Regents approved the university\u2019s 2025 fiscal year operating budget.<\/p>\n
Beginning July 1, 2024 and ending June 30, 2025, the 2025 fiscal year has a total budget of $394,230,000, according to a WKU News press release. The budget includes a 2% salary increase pool for faculty and staff.<\/p>\n
The salary increase was originally recommended by the university\u2019s Budget Executive Committee. This increase marks the seventh time the university has raised employee salaries since 2019.<\/p>\n
The budget, which is nearly $4.3 million larger than the 2023-2024 budget, also proposes a 2% tuition increase.<\/p>\n
The Regents also approved a land lease agreement between Holley Performance Brands and the university. Under the terms of the agreement, Holley will lease an additional 20,000 square feet at the university\u2019s Innovation Campus.<\/p>\n
In turn, WKU will lease the office building and a portion of the manufacturing space at Holley\u2019s current Russellville Road headquarters. As a land swap arrangement, neither party will be required to pay rent to one another for the newly-leased space.<\/p>\n
The WKU Board of Regents next meets August 8 and 9, 2024, for its annual retreat and third quarterly meeting of the calendar year.
\nSource: WBKO<\/p>\n","protected":false},"excerpt":{"rendered":"
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