The University of Minnesota Board of Regents voted Wednesday to cut 7% in academic spending and increase tuition for fiscal year 2026.
The Board of Regents passed the budget proposal in a 9-3 vote. This is the largest tuition hike in more than a decade.
“Not everyone is going to be happy with this budget. That’s part of being an elected official, that’s what we have to do, but it is our job and obligation to deliver a budget that’s balanced and as fair as possible,” Doug Huebsch, who sits on the U of M Board of Regents, said during the meeting…