The University of Alaska leadership team presented their budget proposal to the Senate Finance Committee, requesting a $35 million increase in state funding, bringing the total to $366 million. This increase will address critical maintenance needs and support recruitment and retention efforts. University President Pat Pitney emphasized the importance of a strong student body, stating that “our financial stability relies on our students.” To build on this success, the university plans to commit an additional $5 million to increase recruitment and retention rates.
The university also aims to expand its reach by targeting out-of-state and international students. To achieve this goal, it plans to hire more recruiters. Additionally, the university is seeking an extra $5 million to support athletics. Sen. Mike Cronk expressed his support for athletics funding but emphasized the importance of prioritizing Alaska’s students. “We need to focus on our local students,” Cronk said.
The university is also increasing salaries and benefits for non-union staff. They have reached a tentative agreement with union staff, including a 2.75% salary increase. This agreement includes annual across-the-board salary increases and a boost to minimum salaries. Healthcare benefits will remain the same, with 82% of the costs covered by the employer and 18% by the employee.
In addition to these initiatives, the university has received funding for various projects, including $5.25 million for facilities deferred maintenance and modernization projects, and $6 million for the Alaska Center for Unmanned Aircraft System Integration. These investments demonstrate the university’s commitment to providing a high-quality education and supporting the state’s economic development.
The University of Alaska Budget Proposal outlines the institution’s priorities and goals. By investing in recruitment, retention, and athletics, the University of Alaska is poised for success, as seen in the University of Alaska Budget Proposal.
News story originally published by Alaska’s News Source.
