LITTLE ROCK — Arkansas State University said Thursday its board of trustees has approved a tuition increase, a budget for the next school year and the hiring of a new chancellor.

The university said in a news release the board approved a 3.4 percent rise in combined tuition and fees for the flagship Jonesboro campus. ASU will continue to rank fifth in the state in cost to attend this fall with an increase of $278 to $8,478 annually.

Tuition and fee increases at the system’s two-year institutions will be 1.7 percent at ASU-Beebe and ASU-Mountain Home, 3.1 percent at ASU Mid-South in West Memphis and 3.6 percent at ASU-Newport.

ASU’s $168.2 million budget for educational and general operations includes a 2 percent faculty and non-classified staff merit raise and a 2 percent classified staff cost-of-living adjustment

All classified staff in the system will receive a 2 percent COLA except for ASU-Beebe classified staff, which will receive 1 percent. Faculty at ASU-Beebe, ASU-Mountain Home and ASU-Newport will also receive raises. Non-classified staff at all system campuses except ASU Mid-South will receive various raises.

The overall ASU System operating budget for 2017-2018 is $281.2 million, which is a 2.6 percent increase over last year. The board approved $10 million in specific capital project plans for each campus.

The board also officially approved the appointment of Kelly Damphousse as chancellor, effective July 1 with a three-year contract and an annual salary of $360,000.

Damphousse has served as dean or interim dean of the University of Oklahoma’s College of Arts and Sciences since 2013.

Former ASU Chancellor Tim Hudson resigned in August after an audit found that he appeared to have used his position to seek special privileges for family members. Hudson also received an annual salary of $360,000.