June 15, 2007
President reports on Legislative session
President Scott Ransom reported to the campus that the State Legislature has chosen to increase its formula funding for higher education. The Health Science Center is scheduled to receive a 16.45 percent increase in general revenue funds for FY 2008-09.
“This increased funding will support the hard work of the faculty and staff to grow our student body and add the kinds of programs, people and facilities necessary to meet the future health care needs of Texas and beyond,” Ransom said.
This represents the greatest formula funding we have ever received, and the highest percentage increase in formula funding of any health science center in the state.
In addition, we also received a $2.7 million increase in our Higher Education Assistance Funding (HEAF), which is a 49.7 percent increase over our FY 2007 budget, as well as $825,000 per year for our DNA missing persons work. We were also funded $42 million in Tuition Revenue Bonds (TRBs) to support the construction of a 150,000 square foot building and other work on our new West Campus as highlighted in the Master Facility Plan.
In total, the Health Science Center received the third highest percentage increase of any health science center in Texas.
“We do feel that the Legislature missed an opportunity to improve the quality of life of Texans and to stimulate the North Texas economy when it chose to not fund our special item request for the Health Institutes of Texas (HIT) initiative,” Dr. Ransom continued. “However, we will continue to aggressively move forward with realizing the dream of HIT through funding by other agencies, foundations, institutional resources, and the donor community.
“We appreciate the recognition of HIT given by the Fort Worth Chamber of Commerce, Tarrant County Commissioners, Fort Worth City Council, Texas Osteopathic Medical Association, Botanical Research Institute, Sid Richardson Foundation, and many community leaders and alumni. We pledge to foster the concepts espoused in the HIT proposal to support our Health Sciences Center's journey to becoming world-class and optimizing the health and welfare of Texans.”
University of North Texas Health Science Center
3500 Camp Bowie Boulevard | EAD 806 | Fort Worth TX | 76107-2699