The University of Tennessee Board of Trustees approved Thursday a $1.9 billion budget for fiscal year 2011 which includes the final year of federal stimulus funding and a 9 percent tuition increase at the Knoxville, Martin and Chattanooga campuses.
Gov. Phil Bredesen, chairman of the University of Tennessee Board of Trustees, charged trustees and the university with hiring a president who will lead UT through a new era of great opportunities as it faces unprecedented budgetary challenges. Bredesen attended the board’s annual meeting in Knoxville Thursday, as trustees continued the search process by appointing a search committee.
During the past several months, Chancellor Jimmy G. Cheek has been working closely with the vice chancellors to strategically prepare for the fiscal 2011 and 2012 years. To share more information about the budget, he will host an open forum for faculty and staff at 1 p.m. Tuesday, April 13, in the Shiloh Room of the University Center.