University of Tennessee Faces Budget Cuts
Posted on October 11th, 2008 No Comments »
Education in Tennessee seems to be constantly on the chopping block. The revenue stream in Tennessee is less predictable than in most states because there is no state income tax – just an outrageous sales tax.
The Pacer, an independent paper at UT-Martin, carried a story back in late September that quoted UT President John Petersen:
"Education and higher education were protected for a long time, and the hole got deep enough that they (the governor and the legislature) couldn't do that, and we ended up with about a 4.1 percent cut across the state, which for us at the University of Tennessee is a little bit over $22 million," Petersen said.
the Pacer piece said that Petersen and the UT Board of Trustees were trying to balance rising costs, budget cuts and tuition increases. UT upped tuition by 6 percent for 2008-09.
Now a piece this week in the Chattanooga Times Free Press that the $22 million figure has been reduced to about $17 million. But statewide revenue is still running over $100 million short of budget needs, the size of the cuts could eventually grow…

Photo courtesy of iStockphoto, Bill Manning
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