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Budget Message

July 6, 2020

Faculty, Staff, and Students,
The state legislature recently concluded its emergency session and approved a modified budget for the coming year for the State of Tennessee. The substantial decrease in state revenues driven by the COVID-19 pandemic forced further state budget reductions. However, the Governor and the Legislature largely spared higher education and the University of Tennessee from any additional budget reductions. This is dramatically better for higher education in Tennessee than what is occurring in many of our surrounding states. We are very grateful for these actions.

Key components affecting UTHSC

  1. Faculty and staff:
    • No mandatory salary reductions
    • No mandatory furloughs
    • No mandatory layoffs
    • There will, however, not be any annual state salary increases
  2. Deferred:
    • Previously approved capital maintenance projects
    • UTHSC operational funds
    • GME expansion
  3. Approved:
    • Long-planned acquisition of the Tri Metis Vivarium

While the budget is not what we desired, it reflects a realistic approach by our leaders in providing for a fiscally responsible state budget. This budget allows UTHSC to carry on our education, research, and keep our clinical mission intact. Inherent in this budget is our UTHSC requirement to scrutinize every expenditure and to trim any excess. Each college and unit will be doing budget reviews, looking at each of our programs to get as efficient as possible.

I want to point out that we are doing this without increasing the tuition burden on our students and their families.

Because of prudent financial planning, UTHSC is in a very solid financial position.

I am grateful to UT President Boyd, Governor Lee, THEC, and the Tennessee Legislature for these prudent actions.

I want to thank each of you for what you do every day to make UTHSC the remarkable place it is.

Steve J. Schwab, MD

May 26, 2022