Skip to content Skip to left sidebar Skip to right sidebar Skip to footer

Proposed $60 million good news for Tenn Tech

By Tamas Mondovics

Tennessee Gov. Bill Lee’s 2019-2020 budget recommendation includes nearly $60 million in appropriations for Tennessee Tech, which according to a recent release also includes more than $11 million in capital appropriations.
The recommendation means $16 million in additional funding for Tennessee Tech.
“Governor Lee’s budget shows his confidence in Tennessee Tech,” said Tennessee Tech President Phil Oldham. “We appreciate the support he is showing to Tech and our efforts to serve the entire state, from Memphis to Mountain City.”
Lee’s office explained that the “recommendation includes funds recognizing Tech’s strong outcomes under the funding formula, its status as a doctoral university, its cyber security efforts, as well as funds for the planning of the new engineering building and additional campus renovations.”
The 2019-2020 recommendation is a 10.4 percent increase over 2018-2019, and is more than 25 percent higher than Tech’s 2017-2018 appropriation.
It is also claiming to be the highest change among public universities in Tennessee.
Additional recurring state appropriation includes, $2.65 million in outcome-based funding under the Complete College Act’s funding formula, $900,000 in recurring funds to recognize Tech’s Carnegie classification change, fully funding the state’s recurring $2.1 million commitment.
As the third part of a four-year, $2 million state funding match of an NSF grant, the state appropriation is also said to include $500,000 for Tech’s Cyber Security Education, Research and Outreach Center.
The state’s proposed capital appropriation also includes more than $11 million for Tech, which includes $3.25 million for planning work for the new engineering building, $7.91 million for facilities maintenance, which includes additional roofing and building renovation projects.
“Clearly, this is preliminary,” Oldham said adding that the General Assembly will have much to say about the budget. “But… I feel this is a great start to the legislative budgeting process. Their confidence in Tech is vital to our continued work.”
According to the Tennessee Higher Education Commission, Gov. Lee’s 2019-2020 budget featured $86.7 million in additional recurring funds for higher education, a 5.5 percent increase, along with
$44 million in non-
recurring appropriations. The Commission said that the budget also includes more than $200 million in funds for higher education capital projects.