Despite criticism from Governor Owens, the University of Colorado's Board of Regents approved a 20 percent tuition hike for in-state students.
Regents approved the plan 8-to-1 saying it was their only choice in the face of declining state funding.
The decision will cut spending on personnel, maintenance and other areas by more than five-million dollars.
Regents had initially proposed a 28 percent tuition hike, which prompted strong criticism from the governor and state education officials.
Owens is also criticizing today's decision and is threatening to bring the issue up when the Legislature reconvenes in January.
CU faculty council president Rod Muth says the governor's criticism is unfounded because state funding for the university has plummeted under Owens' administration.