UT not banking on more money from state next year

UT not banking on more money from state next year

Posted:
During the Board of Trustee's meeting Friday, the University of Tennessee said it isn't expecting the state to offer any more money to the school next year than it did this year. During the Board of Trustee's meeting Friday, the University of Tennessee said it isn't expecting the state to offer any more money to the school next year than it did this year.

By SAMANTHA MANNING
6 News Reporter

KNOXVILLE (WATE) -  The University of Tennessee isn't expecting the state to offer any more money to the school next year than it did this year.

During the Board of Trustee's meeting Friday, an economic analyst for the state said Tennessee is short about $400 million of meeting the goal it met this year for the school's budget.

It all has to do with a slow moving economy.

Funding for higher education is down 15 percent in the state in the last several years.

The university said it's taking its own steps to help improve the local economy by working to increase the number of graduates in the state.

UT officials are exploring expansions to research capacities and working on internship programs in order to create workforce-ready grads.

The school is also aiming to become part of the Top 25 initiative, which means the school would be considered one of the top research universities in the country.

"It's a very lofty goal," UT Board of Trustees Vice Chair Brian Ferguson said. "It's a hard goal. It's not a static kind of goal because the competitors are moving all the time. We are trying to hit a moving target but it creates a galvanizing central goal for all of the people, the students, the faculty, the staff."

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