University of Memphis Board of Trustees Freezes Tuition, Approves Budgets and Salary Increases

June 6, 2018 - The University of Memphis Board of Trustees approved the estimated operating budget for fiscal year 2017-18 and the proposed operating budget for fiscal year 2018-19 at its meeting Wednesday on campus. This includes a freeze on tuition and a 2.5 percent pool for salary increases for employees.
Those at the lower end of the pay scale ($10.10 per hour), will receive an increase raising the minimum wage to $10.60 per hour across the board for full-time employees, an increase of 4.95 percent.

In other action, the Board:

• Approved capital budget requests for fiscal year 2019-20;

• Approved three new academic programs: Doctor of Physical Therapy, Doctor of Social
Work and Master of Science in Engineering Management;

• Recommended approval a short-term loan of $6 million from the Tennessee State School
Bond for the Natatorium Project;

• Introduced a new Board member, Dr. David Kemme. He replaces Kate Schaffzin, who was
recently appointed interim dean of the Cecil C. Humphreys School of Law;

• Approved tenure and promotion for faculty members;

• Approved the appointment of Drew Gilmore, former Student Government Association
president, as Student Trustee; and

• Approved a salary supplement of $50,000 for UofM President M. David Rudd, to be paid
through private funds.

The next Board of Trustees meeting is Sept. 5.

CONTACT

Chuck Gallina | 901.678.1756 l cgallina@memphis.edu