05/12/2026 | News release | Distributed by Public on 05/12/2026 14:10
During its spring meeting Friday, the University of Tennessee Health Sciences Advisory Board unanimously approved the university's balanced operating budget proposal of $747 million for Fiscal Year 2027.
The proposal, which goes before the UT Board of Trustees in June, includes $4 million for cost-of-living adjustments and $2.5 million for one-time performance-based compensation adjustments for employees, $1 million for institutional student scholarships, $150,000 to fund half of the increase in student health insurance premiums for the upcoming year, and $100,000 to help fund faculty promotions support. The proposal also includes funding for capital improvements, specific program expansion, and research support.
Prior to the FY27 budget proposal presentation, Chancellor Peter Buckley, MD, opened the meeting by reflecting on the university's evolution over the past few years.
Read more on the UT Health Sciences News website.