UT President Says Worse Economic Times Coming - NewsChannel5.com | Nashville News, Weather & Sports

UT President Says Worse Economic Times Coming

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CHATTANOOGA, Tenn. (AP) – University of Tennessee Interim President Jan Simek said the UT system will lose $112 million when federal stimulus funds run out in 2011.

 

Simek said at a meeting of the university board at UT-Chattanooga on Monday the amount is equal to one-fifth of the total amount of state money the university receives.

The Chattanooga Times Free Press reported Simek said UT might have to increase tuition for academic majors including nursing, pre-law, pre-medicine and accounting. Those majors cost more for the university to operate.

Simek said tuition increases are one of the methods to be considered as the university faces another budget cut next year.

The UT president now predicts a $66 million deficit for 2011 because the state's tax collections continue to decline.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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