U of M regents approve budget with big tuition increase

MINNEAPOLIS (AP) -- The University of Minnesota regents on Thursday unanimously approved a $2 billion budget that includes double-digit tuition increases for the year that begins July 1.

The budget also includes a dramatic overhaul of the Extension Service, some program losses and a pay freeze and increased health insurance payments for employees. More than 460 jobs are being eliminated through a combination of layoffs and attrition.

Regents said it was the best the university could do.