University of Maine System trustees approved a $523.4 million budget for fiscal year 2017 during their two-day session that concluded Monday, May 23.
Much of the news coverage focused on the System’s forecast of a $400,000 surplus for fiscal 2011. That is still simply a forecast for five years out, and the much-reported “structural” gap will continue until then.
Read the Bangor Daily News story of Monday’s board meeting and a similar story by WABI-TV, Bangor.