The Texas A&M University System Board of Regents approved a $2.5 billion budget that will increase Texas A&M University's budget by nearly $60 million.
The budget will fund operations at its nine universities, seven state agencies, health science center and central administrative offices in fiscal year 2006.
This reflects a 1 percent, or $28.4 million, overall increase in operational activities funded by all revenue sources available over the $2.48 billion allocated in fiscal year 2005, and a 6 percent increase in funding for the System’s universities.
The Texas Engineering Experiment Station saw the greatest increase in its operating budget, from $90.5 million to $101 million, or a 12 percent increase. Prairie View A&M University saw an 11 percent increase, from $121 million to $135 million, and Texas A&M University-Corpus Christi saw an 11 percent increase, from $87 million to $97 million. The operating budget for the A&M System Health Science Center increased 10 percent, from $110.9 million to $121.9 million.
The A&M System’s flagship, Texas A&M University, saw the greatest increase in dollar amount—$59.7 million—from $969.6 million in fiscal year 2005 to $1.03 billion in fiscal year 2006, or an increase of 6 percent.
The budgets of other A&M System universities are as follows: Tarleton State University, $97.8 million; Texas A&M University-Kingsville, $93.2 million; Texas A&M University-Commerce, $83.7 million; West Texas A&M University, $78.8 million; Texas A&M International University, $49.8 million; and Texas A&M University-Texarkana, $15.4 million.
The budgets of other A&M System agencies are as follows: Texas Agricultural Experiment Station, $145 million; Texas Cooperative Extension, $99 million; Texas Engineering Extension Service, $91.9 million; Texas Transportation Institute, $44 million; Texas Forest Service, $44 million; Texas Veterinary Medical Diagnostic Laboratory, $13.3 million.
The operating budget included, among other funding sources, tuition and fee increases of $27.9 million or 6 percent. Expenditures included $1.4 billion for personnel, or 57 percent of the total operating budget, and debt service amounted to $146.7 million, or 5.8 percent.
The new budget will take effect Sept. 1.
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