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University of Pittsburgh board approves $3.2 billion operating budget, 2.5% pay pool
Summary
The University of Pittsburgh Board of Trustees approved a $3.2 billion fiscal year 2026 operating budget and a $267 million capital plan, including modest tuition increases, a 2.5% salary pool and nearly $315 million in student financial aid.
The University of Pittsburgh Board of Trustees on July 11 approved a $3.2 billion operating budget and a $267 million capital budget for fiscal year 2026, funding priorities that trustees and university leaders said balance fiscal discipline with investments in students, research and facilities. The board recorded the action by voice vote with no recorded oppositions or abstentions.
Board finance chair Jack Tague, presenting the recommendation, said the committee was "recommending a balanced budget." Chancellor Joan Gabel and Chief Financial Officer Duane Pinckney described the budget's main elements and contingency planning before the full board vote.
The budget documents the university's priorities and assumptions: a projected research base of $1.2 billion for FY26; nearly $315 million in institutional financial aid; modest tuition increases of 2% for in‑state undergraduate and…
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