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TTU System Budgets Approved for FY 2018

August 11, 2017 | Contact: Scott Lacefield 

The Texas Tech University System Board of Regents today (Aug. 11) approved the Fiscal Year (FY) 2018 operating budgets for the Texas Tech University System Administration, Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University and Texas Tech University Health Sciences Center El Paso.

The TTU System’s overall operating budget for the upcoming fiscal year increased by 2.47 percent over FY 2017. The system’s budget is $2.052 billion.

“The combined budget of the Texas Tech University System reflects the mature and consistent growth that our component institutions have seen throughout recent years,” Chancellor Robert Duncan said. “Our institutions are capitalizing on the opportunity to provide a world-class experience for students, faculty members and staff while operating in a fiscally responsible manner.”

The FY 2018 operating budgets run from Sept. 1, 2017, to Aug. 31, 2018. Budgets are prepared on the basis of state appropriations and projected auxiliary, designated and restricted funds. Each entity’s operating budget is approved individually.

Texas Tech University’s FY 2018 operating budget is over $940 million, a 1.47 percent increase from FY 2017. Angelo State University’s budget is $120 million in FY 2018, a 5.69 percent increase from its FY 2017 budget.

The Texas Tech University Health Sciences Center’s FY 2018 operating budget grew by 3.78 percent over FY 2017 to reach $701 million. The FY 2018 operating budget for the Texas Tech University Health Sciences Center El Paso is $276 million, a 1.36 percent increase from FY 2017.

The Texas Tech University System Administration’s FY 2018 operating budget is $24.35 million, which accounts for 1.18 percent of the collective $2.052 billion system operating budget.

About the Texas Tech University System 

Established in 1996, the Texas Tech University System is one of the top public university systems in the state of Texas and nation, consisting of four universities—Texas Tech UniversityTexas Tech University Health Sciences CenterAngelo State University and Texas Tech University Health Sciences Center El Paso.     

Headquartered in Lubbock, Texas, the Texas Tech University System is a $2 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 20,000 employees, more than 50,000 students, nearly 325,000 alumni and an endowment over $1.1 billion.

In its short history, the Texas Tech University System has grown tremendously and is nationally acclaimed, operating on 17 campuses statewide and internationally. Under the dynamic leadership of Chancellor Robert Duncan, the Texas Tech University System has set forth a bold vision of excellence, collaboration and innovation and continues to prove that from here, it’s possible.

 

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