Florida universities face $300 million budget cut

Florida’s public universities would lose $300 million under a budget proposal agreed upon by House and Senate negotiators—a plan that likely will spur further tuition increases, the Orlando Sentinel reports. The University of Central Florida, the state’s largest university, would lose $52.6 million—the second-largest cut after Florida State University’s.The budget compromise also approves funding for a Polk County branch of the University of South Florida to become a stand-alone university. Officials at UCF and some other universities already had planned to hike their tuition. But budget cuts next school year likely mean that most schools will pursue the 15 percent maximum increase to help make up the loss. FSU would lose $65.8 million, an amount determined by a formula that legislators devised this year based partly on the size of each school’s budget reserve…

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