Trinity man
Well-known member
July 20, 2010
To: Students, Faculty and Staff
Howdy from your President!
In recent months, I have visited with many of you about our budget situation and what the future holds. Dr. Karan Watson, our interim provost and executive vice president for academic affairs, and other administrators have done the same. We continue to seek and appreciate your insights, opinions and ideas.
Despite the budget reductions that Texas A&M and other state universities and agencies have already taken for the current FY2010-2011 biennium, experts predict that the state could face a budget shortfall of anywhere from $11 billion to $18 billion for the upcoming FY2012-2013 biennium when the 82nd Legislature convenes in January 2011.
This is due to several factors, including lower tax revenues, uncertain federal funds, increasing enrollments at all levels of public education and other demands on the state budget. The Legislature must address these issues when it convenes since the Texas Constitution requires the State to balance its budget.
In anticipation of this revenue shortfall, the Legislative Budget Board in late May asked Texas A&M and other state universities and agencies to develop a plan for a second budget reduction of 10 percent, in 5 percent increments, for the upcoming FY2012-2013 biennium which begins September 1, 2011.
http://president.tamu.edu/category/updates/