Texas Tech 2012 Budget Increases Slightly Following Board of Regents Vote

Texas Tech’s budget has been increased again, though not as much as in past years.

The Texas Tech Board of Regents approved a budget for the 2012 fiscal year, which has an increase of less than 1 percent over the previous budget.

That overall increase comes out to about $13.8 million for the entire system. A tuition hike of nearly 6 percent was previously approved by the regents this summer.

The university system cut around 600 employees and removed some degree programs following state funding reductions. Tech’s budget will increase around $27 million, raising their 2012 total to around $687 million.

Only Regent John Steinmetz voted against the budget.