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The University of Alaska to Ask State for $625.6 million This Year

FAIRBANKS, Alaska

The University of Alaska plans to ask the state for $625.6 million this year for projects including a new science building and for new job-focused programs like nursing.

The university’s Board of Regents resolved on Tuesday to make the request for state funds as part of the university’s proposed $1.25 billion budget for the next fiscal year.

“This budget plan makes a bold statement about our priorities and what the board values,” Fairbanks Regent Cynthia Henry said.

Last year, the university received $306 million of the $642 million it requested from the state.

This year’s budget request includes more than $5 million for new programs in nursing, engineering, construction management and fisheries sciences. It also includes $66 million for a new biological sciences building at the flagship Fairbanks campus that’s expected to cost of $113 million.

The regents plan to fund $166 million for capital projects including $120 million for building maintenance projects at all the campuses across the state.