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.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.