University of Missouri Board of Curators to Approve $5.3 Billion Budget Amid Challenges
COLUMBIA, Mo. (KMIZ) — The University of Missouri Board of Curators is scheduled to meet on Thursday to approve a proposed budget of $5.3 billion for the 2026 fiscal year, encompassing all four campuses: Columbia, Kansas City, Missouri S&T, and St. Louis. Despite the significant funding, university officials are grappling with $40 million in budget cuts and reallocations.
The board expressed concerns about funding challenges, citing limited growth in state support beyond 2026 and a complex federal funding landscape. Nevertheless, there is optimism surrounding student retention, noting a remarkable 46% increase in first-time college student enrollment for the upcoming 2025 academic year.
In addition to addressing budgetary constraints, officials are exploring performance-based salary increases as a method of incentivizing faculty and staff.
Thursday’s meeting will commence at 11:15 a.m. in Saint Joseph, Missouri. As the university navigates these financial hurdles, the Board of Curators aims to ensure the continued support and success of its campuses while enhancing student experiences.
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