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Board advances FY2026 operating budget after CFO presentation
Summary
Trustees heard a systemwide FY2026 operating budget summary and moved forward with approving the budget package; the presentation reported a total budget of $8.9 billion (7.8% increase) and $7.3 billion excluding state fringe benefits (5.6% increase), with salaries and benefits the largest expense.
The University of Illinois Board of Trustees heard a detailed FY2026 operating budget presentation from Vice President and Chief Financial Officer Paul Ellinger and approved the budget as part of the roll-call agenda.
Ellinger told trustees the board had approved a provisional budget in May and that the state’s finalized FY2026 appropriation allowed staff to present a recommended operating budget for formal approval. He summarized headline figures: an overall system budget of $8,900,000,000 — a 7.8% increase from the prior budget — and $7,300,000,000 when excluding…
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