The NJIT Board of Trustees has approved the schedule of tuition and fees for the 2011-12 Academic Year and the Fiscal Year 2012 Operating and Capital Budgets. Detailed information can be found on the web at: http://www.njit.edu/president/news/2011/budget.php.

Programmatic and campus enhancements in the Fiscal Year 2012 Budget include:

• Faculty recruitment consistent with the Strategic Plan
  
• Facility upgrades including
  • Initiation of a studio expansion project for the College of Architecture and Design to accommodate programmatic and enrollment expansion
  • Further architectural design work, repair and renovation for the Central King Building
  • Upgrades in the Jim Wise Theatre
    
• Information technology infrastructure and laboratory equipment upgrades
  
• Various campus-wide maintenance projects

Revenues for Fiscal Year 2012 are projected to total approximately $324 million. The State base appropriation remains the same as Fiscal Year 2011, less an allocation of one-time Federal Stimulus funds received last year through the State. A combination of State funding, a 2% projected enrollment increase, a 4.5% increase in tuition and fees for in-state undergraduate students, and a 6% increase in tuition and fees for out-of-state and graduate students allows increased cost and enhancement and maintenance obligations to be met.

Thanks,

Bob