UMass Moves on Capital Plan

The University of Massachusetts last week moved forward with a $2.56 billion, five-year plan that will help finance capital projects at five different campuses and include $1.45 billion of borrowing.

UMass’ Committee on Administration and Finance approved the plan, which will now go before the Board of Trustees on Sept. 26.

Along with the borrowing, the capital plan includes $798 million of state funds, $213.9 million of university operating revenue, and $97.5 million of private and federal funds, according to a UMass press release.

The state’s share will in part come from bond proceeds from a $2 billion higher education bond bill and a $1 billion life sciences bond measure that Gov. Deval Patrick signed into law earlier this year.

UMass has campuses in Amherst, Boston, Dartmouth, Lowell, and Worcester.

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