Trustees at the University of Illinois have approved a $5.6 billion fiscal year 2014 budget for the system's campuses. Trustees approved the budget at their meeting today in Urbana. The budget is a 1.2 percent increase over the previous fiscal year. Authorities say it's the smallest increase in more than two decades. University President Robert Easter says the schools are ``weathering our financial challenges.'' Officials say the direct state appropriation for the University of Illinois increased slightly by $1.2 million for fiscal year 2014 to about $669 million. However they point out that the figure is down from a peak $804 million in fiscal year 2002. The system includes campuses in Urbana-Champaign, Springfield and Chicago.
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