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TTU System Budgets Approved for FY 2019

August 10, 2018 | Contact: Scott Lacefield

The Texas Tech University System Board of Regents today (Aug. 10) approved the Fiscal Year (FY) 2019 operating budgets for the Texas Tech University System Administration, Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University and Texas Tech University Health Sciences Center El Paso.

The TTU System’s overall operating budget for the upcoming fiscal year increased by 2.69 percent over FY 2018. The system’s budget is $2.108 billion.

The FY 2019 operating budgets run from Sept. 1, 2018, to Aug. 31, 2019. Budgets are prepared on the basis of state appropriations and projected designated, auxiliary and restricted funds.

Texas Tech University’s FY 2019 operating budget is $975 million, a 3.69 percent increase from FY 2018. Angelo State University’s budget is $124 million in FY 2019, a 2.95 percent increase from its FY 2018 budget.

The Texas Tech University Health Sciences Center’s FY 2019 operating budget grew by 1.19 percent over FY 2018 to reach $710 million. The FY 2019 operating budget for the Texas Tech University Health Sciences Center El Paso is $285 million, a 3.10 percent increase from FY 2018.

The Texas Tech University System Administration’s FY 2019 operating budget is $24.35 million, which accounts for 1.16 percent of the collective $2.108 billion system operating budget.

About the Texas Tech University System 
Established in 1996, the Texas Tech University System is one of the top public university systems in the state of Texas and nation, consisting of four universities—Texas Tech UniversityTexas Tech University Health Sciences CenterAngelo State University and Texas Tech University Health Sciences Center El Paso.

Headquartered in Lubbock, Texas, the TTU System is a $2.1 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 20,000 employees, more than 53,000 students, nearly 335,000 alumni and an endowment over $1.3 billion.

In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating on 17 campuses statewide and internationally. Under the dynamic leadership of Chancellor Robert Duncan, the Texas Tech University System has set forth a bold vision of excellence, collaboration and innovation and continues to prove that from here, it’s possible.

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