University approves budget for capital improvements, new academic programming
The Texas Wesleyan Board of Trustees voted in favor of a plan to invest $11 million in campus-wide capital improvements and new academic programming over the next four years.
Beginning in June, the University will spend $11 million, or $2.75 million each year for the next four years, on four main categories of improvements:
- Deferred maintenance
- Technology improvements
- New academic program plans
- Facility improvements
"Investing in our University is crucial to our success in recruiting, retaining and developing high-quality students and faculty," President Frederick G. Slabach said. "This funding makes it possible for us to make major improvements to our physical campus and academic programs — improvements that must be made for us stay competitive and reach our 2020 strategic goals."
In the past, capital improvements have been a part of Texas Wesleyan's operating budget. The new budget, which was brought forth by President Slabach and executive staff, allows for the University to plan for capital improvements and new academic programs projects without being dependent on variations in the operating budget.
The plan is funded by proceeds from the 2013 sale of the law school.