Texas A&M University-Corpus Christi, like all state institutions, is appropriated funds for two fiscal years. The next two-year budget cycle begins September 1, 2015, and ends August 31, 2017. The 84th Legislature, which met from January 2015 to June 2015, presented a budget for the Governor’s approval, and it has been adopted.
In that budget, we received $4.6 million in additional formula funding for the biennium, because of growth and an increase in the formula. The additional funding enabled us to have a three percent pool for merit and equity adjustments as well as add faculty and staff in critical areas. We also received an additional $2 million for the biennium to start the electrical engineering bachelor’s degree and were granted a tuition revenue bond of $60 million to build Phase I of a Life Sciences Research and Engineering Building. Finally, in the second year of the biennium we will get additional funding that supports building maintenance, the library, and capital items, such as information technology.
If you have a question regarding budget issues, would like to check out the facts on something you’ve heard, or have a suggestion for managing our resources, you can send your questions or suggestions to firstname.lastname@example.org.
At the Faculty-Staff meeting on January 10, 2011, President Killebrew presented information on the current budget reductions, our total funding picture, "best guess" funding gaps for the next biennium, and how we plan to address them. You can view the information here:
Budget Slides from 1-10-2011 Faculty Staff Meeting (PDF)