FY 2021 Strategic Plan Update and Budget Report

State Appropriations
General Revenue appropriations for Fiscal Year
2021 remain constant in the second year of the
state’s biennial appropriation at $126.6 million.
In the 86th legislative session that concluded
in May 2019, TSTC’s two-year appropriation
increased 22 percent from the previous session.
This substantial increase was primarily driven by
the Legislature fully funding the amount TSTC
earned in the Returned-Value Formula.
In May 2020, many state agencies were directed
by the Governor to cut 5 percent of biennial
appropriations due to the economic disruption
caused by COVID-19. TSTC was specifically
exempted from this mandate, which validates
TSTC’s important role in the future economic
recovery of Texas. Had TSTC’s appropriations
been subject to the cut, appropriation revenue
for Fiscal Year 2020 and 2021 would have been
reduced by nearly $9 million.
Other components of appropriation funding
are considered “non-formula support”, which
include the Small Institution Supplement,
Institutional Enhancement, System Office
Operations and Startup Funding strategies.
Capital improvement funding from the HEAF
appropriation and specific appropriations
that pay for Tuition Revenue Bond retirement
(debt service) also contribute to the total TSTC
appropriations.
09
20%
Benefits
52%
Returned-Value
Formula
2021 Revenues:
Appropriations
$126,598,433
18%
Special Items
& Other*
7%
HEAF
3%
Debt
Service
20%
Benefits
52%
Returned-Value
Formula
2021 Revenues:
Appropriations
$126,598,433
18%
Special Items
& Other*
7%
HEAF
3%
Debt
Service
Special Items & Other*
E&G Space Support
5%
Start Up Funding
4%
Small Institution Supplement 3%
Institutional Enhancement
3%
System Office Operations & Other 2%
Dual Credit 1%
Special Items & Other*
E&G Space Support
Start Up Funding
18
STRATEGIC PLAN & BUDGET REPORT
5%
4%
3%
Small Institution Supplement
Institutional Enhancement 3%