TSUS will offset the cuts with a mix of tuition and fee increases, and expenditure cuts.
Should the legislature not approve TRB appropriations for those new initiatives, TSUS would likely delay them until approval could be sought.
Enrollment grew at all nine TSUS institutions in fall 2010 and based on application data to-date, the system anticipates additional growth in fall 2011.
, created in 1911, is the oldest university system in Texas.
RFS debt is secured by pledged revenues which essentially include legally available, unencumbered funds and balances of TSUS.
This continued growth comes despite the fall 2007 transfer of Angelo State University (ASU) from TSUS into the Texas Tech University System (RFS bonds rated 'AA' by Fitch).
The growth came primarily from surplus operating revenues and allowed TSUS to maintain adequate coverage of operating expenses of just over 50% or six months of operations.
8% annually across TSUS institutions, excluding ASU, between fall 2003 and fall 2007.
Approximately 96% of TSUS students hail from Texas.
Recently approved tuition de-regulation is expected to have a minimal impact on revenues, given the price sensitivity of the TSUS student base.
TSUS has recorded nearly a 17% increase in headcount enrollment since fall 1997.