FORT COLLINS - The Board of Governors of the Colorado State University System on Wednesday approved CSU's budget for fiscal 2012-13, including the first salary increase for faculty and staff in four years.

The budget, effective July 1, also includes a 9-percent tuition increase for resident undergraduates.

CSU's budget includes state funding and tuition dollars, but does not include self-funded programs or research support. The general budget is $459 million, an increase of 6 percent from last year. The budget for the entire university is about $900 million, up about 4 percent from the previous year.

In addition to the tuition increase for residents, undergraduate nonresident tuition will increase 3 percent from last year.
Overall state funding provided to Colorado State will decrease by $2.25 million for the 2012-13 fiscal year to $91.2 million. Last year, state funding decreased by $23 million, and over the last four years, state funding has decreased by a combined total of more than $39 million.
CSU had been racing for bigger cuts. Projections last fall signaled the potential for a much larger cut in state funding, which would have