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I am writing a multi year budget. How much should I increase budget categories each year?

April 26, 2017budget Categories increase multi writing year

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I am writing a multi year budget. How much should I increase budget categories each year?

2 Answers

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Sponsored Programs encourages investigators to include a reasonable increase in all budget categories to account for inflation in subsequent budget years. Typical increases for salaries and fringe benefits are 1-3% per year, and for tuition 5-10% per year.

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< ORSA encourages investigators to include a reasonable increase in all budget categories to account for inflation in subsequent budget years. Typical increases for tuition is 7% and 5% for all other direct cost categories.