WEST LAFAYETTE, Ind. (WLFI) — The Purdue Board of Trustees has approved the university's 2019 fiscal year budget.

The approved 2019 budget shrank 4.1 percent from the 2018 fiscal year.

The board announced Friday morning that Purdue will operate on a $2.3 billion dollar budget in 2019. That is down from a $2.4 billion budget Purdue operated on in the 2018 fiscal year.

The budget includes $2.1 billion of expenditures at the West Lafayette Campus, $160 million at Purdue Northwest and $153 million at Fort Wayne.

The 2019 budget includes the previously approved sixth year of frozen tuition at the West Lafayette campus.

The approved budget also provides for a merit salary pool of 2.5 percent at the West Lafayette campus, a 2 percent recurring merit salary pool at Purdue Northwest and a 2 percent non-recurring salary pool at Purdue Fort Wayne.

Purdue will also invest $61 million dollars into renovation projects across all of its campuses

Students attending Purdue in the 2018-19 academic year will have a lower total cost of attendance than in 2012.