{"id":1920,"date":"2015-01-20T00:00:00","date_gmt":"2015-01-20T00:00:00","guid":{"rendered":"https:\/\/www.mtsu.edu\/blogtest\/fiscal-year-2015ae2016-budget-overview\/"},"modified":"2026-04-15T16:20:28","modified_gmt":"2026-04-15T21:20:28","slug":"fiscal-year-2015ae2016-budget-overview","status":"publish","type":"post","link":"https:\/\/www.mtsu.edu\/president\/fiscal-year-2015ae2016-budget-overview\/","title":{"rendered":"Fiscal Year 2015-2016 Budget Overview"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 20px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p>Fiscal Year 2014\u201315 was the first year of full implementation of the state\u2019s outcomes-based funding formula as called for in the Complete College Tennessee Act. Under the act, productivity, rather than enrollment, drives state funding distribution.<\/p>\n<p>MTSU\u2019s 2015\u20132016 outcomes formula adjustment will result in a state funding decrease of $1,285,900. MTSU had received an increase for the current fiscal year of $1,252,000. The Tennessee Higher Education Commission (THEC) voted at its November meeting to propose new state funding totaling $25.7 million for the formula institutions. MTSU\u2019s share of the THEC-proposed new funding would be $2,533,200. Thus, MTSU\u2019s state funding could actually increase by $1,247,300.<\/p>\n<p>THEC also voted to recommend $9,840,000 in Capital Maintenance funds for MTSU projects for Fiscal Year 2015\u2013 2016. The projects include central plant controls updates, generator replacement, automation system control panel replacements for several buildings, domestic water-sewer systems updates, exterior repairs for several buildings, Jones Hall plumbing updates, and campus-wide sidewalk repairs. No MTSU Capital Project (building construction) was proposed for new funding.<\/p>\n<p>THEC\u2019s recommendations have been submitted to the Department of Finance and Administration for consideration in the proposed state budget that Gov. Bill Haslam will be submitting to the legislature in the coming weeks. At that point, we will have more information regarding our likely 2015\u201316 state appropriations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiscal Year 2014\u201315 was the first year of full implementation of the state\u2019s outcomes-based funding formula as called for in the Complete College Tennessee Act. Under the act, productivity, rather than enrollment, drives state funding distribution. MTSU\u2019s 2015\u20132016 outcomes formula adjustment will result in a state funding decrease of $1,285,900. MTSU had received an increase [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/posts\/1920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/comments?post=1920"}],"version-history":[{"count":1,"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/posts\/1920\/revisions"}],"predecessor-version":[{"id":3214,"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/posts\/1920\/revisions\/3214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/media\/191"}],"wp:attachment":[{"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/media?parent=1920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/categories?post=1920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mtsu.edu\/president\/wp-json\/wp\/v2\/tags?post=1920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}