TTU system budgets approved for 2014 fiscal year - KCBD NewsChannel 11 Lubbock

TTU system budgets approved for 2014 fiscal year

From Texas Tech University:

The Finance and Administration Committee of the Texas Tech University System Board of Regents today (Aug. 8) preliminarily approved  the FY 2014 operating budgets for the TTU System Administration, Texas Tech University, Angelo State University, and Texas Tech University Health Sciences Center.

"This budget represents our continued commitment to educating generations of leaders and enhancing the state of Texas in an efficient and responsible manner," said Kent Hance, chancellor of the TTU System. "Investing in our universities provides a significant return and will pay dividends in a better future for students, families and our state."

The FY 2014 operating budgets run from Sept. 1, 2013 to Aug. 31, 2014 and are prepared on the basis of state appropriations and projected auxiliary, designated and restricted funds. The combined FY 2014 operating budget for the entire system is more than $1.7 billion, an increase of 7.9 percent over last year's combined budget.  

The overall economic impact of the TTU System on the state was approximately $10 billion in 2012, according to a report of the system's influence on business activity released earlier this year.  The assessment also revealed that for every dollar the TTU System spends, the state's economy sees more than $23 returned.

Final approval of FY 2014 operating budgets by the full board is expected Friday (Aug. 9). An operating budget for the newly established Texas Tech University Health Sciences Center at El Paso is included in the FY 2014 operating budget for Texas Tech University Health Sciences Center.

The Texas Tech University System is one of the top public university systems in the state of Texas, consisting of four component institutions and operating at 12 academic sites and centers. Headquartered in Lubbock, Texas, the TTU System has an annual operating budget of $1.5 billion and approximately 17,000 employees focused on advancing higher education, health care, research and outreach.

In 2012, total research expenditures approached $200 million and total enrollment exceeded 43,700 students for the first time in the TTU System's history. Whether it's contributing billions of dollars annually in economic impact or being the only system in Texas to house an academic institution, law school, and medical school at the same location, the TTU System continues to prove that anything is possible.

  • Local News on KCBD.comNewsMore>>

  • Trump budget faces Dem opposition, GOP doubts about math

    Trump budget faces Dem opposition, GOP doubts about math

    Thursday, May 25 2017 1:08 AM EDT2017-05-25 05:08:10 GMT
    Thursday, May 25 2017 1:08 AM EDT2017-05-25 05:08:10 GMT

    Trump on Tuesday released a 10-year budget plan containing jarring, politically unrealistic cuts to the social safety net and a broad swath of domestic programs.

    Trump on Tuesday released a 10-year budget plan containing jarring, politically unrealistic cuts to the social safety net and a broad swath of domestic programs.

  • 23 million more uninsured with GOP health bill, analysts say

    23 million more uninsured with GOP health bill, analysts say

    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:39 GMT
    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:39 GMT

    The Congressional Budget Office planned to release its estimate Wednesday of what impact the GOP's House-passed health care overhaul would have on coverage and premiums.

    The Congressional Budget Office planned to release its estimate Wednesday of what impact the GOP's House-passed health care overhaul would have on coverage and premiums.

  • Foreign meetings omitted from Sessions' security clearance

    Foreign meetings omitted from Sessions' security clearance

    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:25 GMT
    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:25 GMT
    The ranking Democrat on the House intelligence committee says the panel will be issuing subpoenas to get former National Security Adviser Michael Flynn to cooperate with its investigation into Russian activities...
    The ranking Democrat on the House intelligence committee says the panel will be issuing subpoenas to get former National Security Adviser Michael Flynn to cooperate with its investigation into Russian activities during the 2016 election.
Powered by Frankly