Texas Tech Board of Regents approve budget; 600 jobs lost - Christie Post, KCBD

The Texas Tech Board of Regents voted to approve the $1.4 billion system wide budget for the 2012 fiscal year Friday. This is the smallest budget increase the university has seen in 20 years. In fact, the budget for the entire system only increased by less than 1 percent. For a year and a half they have been preparing for state cuts. That meant Tech had no choice but to cut employees. "We could see that this was going to be coming. We did not fill some jobs and we had to let some go," said Texas Tech University Chancellor, Kent Hance. Chancellor Hance says 600 jobs were cut in the entire Texas Tech system, 218 of those were at the Lubbock campus. He says they tried to not let go any faculty and mainly focused on administrative positions.