The University of Puerto Rico's (UPR) Governing Board approved the budget established by the Fiscal Oversight Board (JSF) with eight votes in favor and three against. The approved budget is $1.255 billion and includes changes to employee retirement contributions.
The JSF's version of the budget was certified without debate on the last day of the fiscal year. The distribution of funds to the university's campuses and units will be determined in the coming days, according to Ricardo Dalmau Santana, president of the Governing Board.
William Muñiz, a representative of the university's faculty, criticized the approval of a budget created by an external entity, emphasizing the need for a transparent and participatory process. The JSF's director, Robert Mujica, stated that the budget finances the minimum required actuarial contribution for the retirement system, but noted that the UPR's position is not fiscally responsible as it contributes to the pension plan's funding deficit.