Press Herald reports on UMaine surplus
The Portland Press Herald reported better-than-expected investment income, cost-cutting and an increase in tuition revenue from out-of-state students helped put an extra $15 million into the University of Maine System in the past fiscal year, according to system officials. The University of Maine, the system’s flagship campus, saw higher-than-expected revenue from out-of-state students, contributing to a $3 million surplus, most of which the campus invested in capital expenditures and reserves, the article states. Sun Journal also published the Press Herald article.