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Friday, September 9, 2011

AUBURN, Ala. 
Higher state appropriations and tuition and fees helped increase Auburn University's budget by $32 million to almost $970 million.
The university's board of trustees approved a budget Friday that ups spending at Auburn, Auburn University Montgomery and the state extension service that Auburn oversees by 3.5 percent over last year. Auburn's main campus makes up about 80 percent of the overall budget.
Much of the increase in revenues -- almost $17 million -- comes from $10.3 million the main campus will bring in from a one-time "proration fee" of $200 a year students will pay, plus $6.6 million in additional tuition dollars at AU and AUM. Another $18 million in new revenue will come from an increase in the percentage employees must make to their state retirement accounts as mandated this year by the state legislature.
As well as higher rates, the university had a record enrollment this fall of 25,469 students, up 391 from 2010, officials announced Friday. That also helps with revenue.

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