TTU Approves $938.5 Million Budget - KCBD NewsChannel 11 Lubbock

5/14/04

TTU Approves $938.5 Million Budget

Friday, the Texas Tech Board of Regents approve a $938.5 million operating budget for the University which makes Tech the 180th largest business in Texas.

Tuition increases account for $22.63 million of that budget, and if you're curious about where that extra tuition money is going here is a breakdown:

  • Faculty and staff merit-program 36%
  • Financial aid: 28%
  • New faculty positions: 16%
  • Fringe benefits: 7%
  • Academic enhancement: 6%
  • Academic student services: 4%
  • Instructional lab equipment: 4%