Public universities and local governments that sustained steep cuts in state aid during Michigan's economic slide would see sizable funding increases under a budget agreement signed Thursday that cleared the way for approval of a roughly $52 billion spending plan in the next week. The deal approved by Gov. Rick Snyder's administration and Republican lawmakers would boost spending on 15 universities by nearly $75 million, or 5.9 percent, with the amount varying by school depending on their graduation rates and other performance benchmarks. The schools could raise tuition by no more than 3.2 percent to get their entire funding increase. Wayne State University would get the smallest percentage boost at 3.9 percent; Grand Valley the biggest at 9.2 percent. The University of Michigan and Michigan State, the state's biggest schools, would receive 5.7 percent and 5.9 percent more.

http://www.crainsdetroit.com/article/20140606/NEWS01/140609879/snyder-lawmakers-agree-to-budget-spending-targets
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