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Michigan budget panel OKs fund boost for colleges

LANSING, Mich. (AP) -- Michigan's community colleges and universities could receive roughly 2 percent more in overall funding next fiscal year.

Republican-led conference committees approved the community college and higher education budgets Thursday. The education budget proposals now head to the House and Senate floor for final approval.

Under the higher education proposal, Michigan's universities would be expected to keep their tuition rate increases at or below 3.75 percent to receive performance funding for the fiscal year that starts Oct. 1. Republican Gov. Rick Snyder had originally proposed that tuition increases be held at 4 percent before universities would lose some of their state aid.

Performance funding is based on a number of factors, including research and development and completed degrees.

Lawmakers are aiming to pass the next budget by June.