THEC calls for increase from legislature
November 26, 2001
The Tennessee Higher Education Commission voted to request a 15 percent funding increase for the state's colleges and universities. The commission is seeking $915 million for the fiscal year beginning July 2002. (THEC requested $900 million last year, but because of revenue shortages, the legislature allocated only $792 million.
The increase would allow THEC institutions to receive 100 percent of the amount allocated by the legislature in its funding formula, a plan specifying the funding needed to keep system schools on par with peer institutions.
In a Nov. 16 article appearing in the "Leaf Chronicle," THEC executive director Dr. Rich Rhoda said the funding would cover basic needs, not enhancements. "The institutions need these things to provide a reasonable level of services," he said.