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Board of Regents highlights tuition freeze, enrollment gains and maintenance funding concerns
Summary
The Board of Regents' executive director outlined system-level enrollment growth, a five-year tuition freeze, retention and completion rates, and warned that a proposed reduction to maintenance-and-repair funding would erode progress in facility upkeep.
Nathan Lucas, executive director for the South Dakota Board of Regents, briefed the joint appropriations committee on system finances, enrollment and policy priorities for the public university system.
Why it matters: Regents oversee the state's six public universities and two special schools; changes to base funding, maintenance-and-repair (M&R) formulas, or tuition policy affect operating budgets, capital upkeep and students statewide.
Key points presented - Budget and revenue mix: Lucas reported a system budget of roughly $950,000,000 in all…
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