Bowling Green, Ky. - The Western Kentucky University Board of Regents today approved a $272.6 million budget for 2005-06.

The budget represents a 12 percent increase or $29 million from all sources of funds from 2004-05, including approximately $8 million in additional state funding.

Highlights include a 4 percent merit salary increase pool plus a 1 percent pool to address market, performance and equity issues; a 4 percent increase in operating budgets to address enrollment growth and other cost increases; $2.3 million for scholarships and other aid; and $5.6 million for academic quality improvements.

"We are deeply appreciative to Governor Ernie Fletcher and the 2005 General Assembly for reversing the years of budget reductions and for providing a much needed funding increase," WKU President Gary Ransdell said. "This budget will result in strategic promises being made and subsequently promises being kept to this campus and to our current and prospective students."

Tuition and fees make up the largest source of revenue, accounting for 35 percent of the total budget. State appropriations account for 29 percent of the budget. The other 36 percent is from self-generated revenue and restricted funds. The fiscal year begins July 1.

In other action, the board approved the purchase of property at 1346 and 1350 Kentucky St. to provide for improved permanent parking and the realignment of 14th Street by the City of Bowling Green.

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