The Board of Regents approved a budget increase Wednesday that includes a 3% raise for faculty and staff.

 It is part of the approved FY27 operating budget that includes a projected surplus of approximately $2.1 million. 

“Our success always begins with our people, and this allows us to continue investing in our faculty and staff while maintaining our commitment to providing NKU students with the high-quality and affordable education our mission demands,” said President Cady Short-Thompson in an email to colleagues.

To put that 3% raise in perspective, a faculty member who makes $60,000 would receive an additional increase of $1,800 annually.

Approval of the FY27 operating budget would be the university’s third balanced budget in a row, after facing a 24 million dollar deficit placed on by the previous president. 

“We’re working to grow revenue streams while simultaneously reducing expenses and reallocating wherever possible and I appreciate everyone’s hard work to that end,” Short-Thompson said.