KEARNEY, Neb., Aug. 13 -- The University of Nebraska Kearney issued the following news release:

LINCOLN - The University of Nebraska Board of Regents approved the 2027-29 biennial budget requests for the University of Nebraska System and Nebraska College of Technical Agriculture during today's meeting.

The board approved a 4.25% increase to the base budgets of both the NU System and NCTA for each year of the biennium. The university based the request on a multiyear rolling average of the Consumer Price Index, an approach that aims to help the university consistently keep pace with rising costs.

In addition to the increase to the university's base budget to offset inflation, the board also approved state requests to fund several strategic...