The $27 billion preliminary budget for the fiscal year 2013 was reviewed at the UM System Board of Curators meeting Thursday.
Stable funding to higher education is essentially done, Steve Korr, UM System Vice President for Government Relations, said at the meeting. The Senate could review the budget as early as next week, and Knorr said there was a good chance it could get through without state cuts.
“Trying to change the budget on Senate floor is difficult,” Knorr said.
Current funds make up 97 percent of the total budget, according to the [budget review](https://board.um.umsystem.edu/April%2056%202012%20Board%20of%20Curators%20Meeting/Finance/10%20-%20INFO%202%20-%20Fiscal%20Year%202013%20Preliminary%20Operating%20Budget%20Update%20-%20UM.pdf). Loan, endowment and plant funds make up the remaining 3 percent.
Although the budget cited a potential $30 million decrease in state appropriations, it also presented a potential $32.5 million increase in net tuition and fees.
Undergraduate enrollment is anticipated to increase 1.7 percent in 2013 following 14 years of continued growth, according to the budget review. In February, the curators also approved a [tuition increase](https://www.themaneater.com/stories/2012/2/21/curators-vote-increase-tuition-state-out-state-stu/) for students. MU rates will increase 7.5 percent for nonresident and 3 percent for graduate students.
The board will approve the budget at its June meeting.
In addition to the budget review, the board also approved the creation of a physician assistant degree at UM-Kansas City and voted to adopt a new investment structure regarding the retirement plan and tax deferral program.