UT President William Powers Jr. has informed the University faculty and staff via email that there will be no centrally funded salary increase for the current fiscal year.
“I certainly wish we could do more,” Powers wrote in the email. “I'm grateful to everyone on the campus who contributes to the mission of the University and proud of the work you do each day to advance this great institution.”
In the email sent on July 9, Powers said the University is still trying to offset a $92 million decrease in state funding over the past two years. Although the Texas Legislature increased UT’s funding by $25 million during the recent legislative session, Powers wrote that it would not be enough for salary increases. According to Powers, the University must use the state’s funding to pay for requirements such as employee benefits.
Although there will be no centrally funded salary increase, Powers wrote that deans and vice president can raise salaries based on the budgets of their respective colleges, schools and departments.
Powers added that the salary policy is still subject to approval from the UT System Board of Regents.
Expect more on this story later in the week.
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