EAST LANSING, Mich. (Michigan News Source) – The Michigan State University Board of Trustees approved the university’s fiscal year 2023-24 budget of $3.3 billion on Friday.

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The budget includes $8 million in new investments in campus safety initiatives. That move comes in the wake of three intent-to-sue claims filed this week. One lawsuit comes on behalf of the family of Alexandria Verner, one of the students killed in the February 13 mass shooting on campus. Two other injured students filed intent-to-sue documents as well.

MSU’s budget also earmarked part of the above $8 million for student, faculty and staff health and well-being, and the Title IX office.

MSU is investing $224 million in student financial aid. That is a $16.4 million increase over last year. In addition, the approved includes a separate 3% tuition adjustment for most resident and nonresident graduate students for the next academic year. Faculty and staff compensation will also receive a boost.

The new 293,000-square-foot health and wellness center will be located on Shaw Lane, between Birch and Harrison roads, replacing IM West. Construction will get underway in July.