/ Modified jun 8, 2016 3:15 p.m.

Regents Set to OK $5.1B in State University Budgets

UA basic spending package is $1.1B, with record research grants, contracts.

Old Main Old Main on the University of Arizona campus. (PHOTO: Julianne Stanford)

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Budgets for Arizona's three state universities are scheduled to be approved at the Board of Regents meeting in Flagstaff this week, including a $1.1 billion basic spending package at the University of Arizona.

The regents will review revenues totaling $5.1 billion for all three universities. That includes an estimated $2 billion for the UA, enhanced by higher tuition, student fees and research grants and contracts.

The UA reported in a press release that it anticipates $638.9 million in research grants and contracts, an 18 percent increase from this year.

Capital spending on the Tucson campus will total $341.7 million, with the 10- or 11-story Health Sciences Innovation Building the top project, going up at North Cherry Avenue and East Helen Street.

The university also will build another parking garage, an $18.1 million structure south of the football stadium.

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