Newark, N.J.-based University Hospital will receive $396 million for staff salaries and benefits for the next year, according to a report in the NJ Spotlight News.
New Jersey lawmakers approved an expanded budget which includes the $396 million pool for the hospital's 3,500 state employees in early July. The health system reported $532 million in total operating revenue for the fiscal year to date in March.
University Hospital is also working on a redevelopment project projected to cost $1.8 billion.