Lee's budget includes $110M for Tech
Story courtesy of Staff Writer Kate Cook at the Herald-Citizen located in Cookeville, TN
Gov. Bill Lee's budget proposal includes $110 million for Tennessee Tech.
The budget includes more than $64 million for Tennessee Tech’s annual appropriation — the amount the university receives from the state each year.
There's also more than $48 million in one-time capital appropriations.
The university’s new engineering building, which was the Tennessee Higher Education Committee’s top capital project recommendation this year, received its full state funding of $43.5 million.
“Gov. Lee’s proposed budget is another good year of increased state support for what we are doing here at Tech, and for the outcomes we produce for the state,” Tennessee Tech President Phil Oldham said. “I want to thank all of Tech’s faculty and staff for their hard work in achieving these outcomes.”
The proposed state appropriation is a 6.6 percent increase over last fiscal year, and more than 18 percent higher than Tech's 2018-19 appropriation.
The recurring state appropriation increase includes the following:
• $1.88 million in outcome-based funding under the Complete College Act’s funding formula
• $1.35 million for a 2.5 percent salary pool
• $500,000 for Tech's Cybersecurity Education Research and Outreach Center.
The capital appropriation includes $43.5 million for the new engineering building,
and $5.1 million for repairing, maintaining and updating campus facilities.
Rep. Ryan Williams (R-Cookeville) said the whole area is thankful for Tech and the good work it does.
"Sen. (Paul) Bailey and I worked hard for this," Williams said of the appropriations.
The money isn't set in stone, though. Lee's budget proposal must make it through the state House of Representatives and Senate, and funding could be removed during the legislative process.
"We're going to fight to keep it," Williams said. "We're very thankful; this is a great time for Tech. They're one of our top three employers, and we're happy to support financially the mission of the university."