Southeast Missouri State approves 2012 budget

CAPE GIRARDEAU, Mo. (AP) — Southeast Missouri State University’s budget for the coming fiscal year will approach $100 million.

The Southeast Missourian reports that regents at the Cape Girardeau-based university on Wednesday approved a $96.7 million budget for fiscal 2012. It will include raises for 1.75 percent for faculty and 2 percent for staff.

Board members also approved $34.8 million in auxiliary budgets for the coming fiscal year, which begins Friday. Auxiliaries cover residence life, the campus bookstore and other student services.

The new budget includes a 4.8 percent increase in tuition and fees.

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Information from: Southeast Missourian, http://www.semissourian.com

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