Pitt’s roughly $1 billion education and general budget will increase by 3%, or $29 million, next year, following Tuesday morning approval from the budget and executive committees of the University’s Board of Trustees.

The Investment Committee of Pitt’s Board of Trustees voted at a public meeting Thursday morning to keep the spending policy and distribution from the University’s endowment funds the same in the 2022 fiscal year.

Pitt’s Board of Trustees will hold its first meeting of 2020 in the William Pitt Union’s Assembly Room on Friday at 10:30 a.m. to provide an update on University affairs to the community.