Meeting in special session Wednesday, the Tennessee Board of Regents voted unanimously to allow TBR presidents and directors and their campus advisory groups to consider furloughs and the other steps listed as possible options for handling short-term budget shortfalls.
Under the new policy, in times of severe state budget shortfall or impoundment, the chancellor has the authority to approve requests from TBR institutions to reduce compensation, mandate furloughs without pay, and/or reduce the amount of time worked.
TBR, on or before January 2012, must review the portion of the policy related to furloughs. Requests from institutions must include a description of the campus constituent groups represented on the committee advising the president or director on the budget reduction process.
The passage of this policy does not institute a furlough or any of the other steps at any TBR campus.
None of these steps addresses longer-term budget issues, and they cannot become routine fixtures on any TBR campus.
The Tennessee Board of Regents is the nation’s sixth largest higher education system, governing 45 post-secondary educational institutions. The TBR system includes six universities, 13 two-year colleges and 26 technology centers, providing programs in 90 of Tennessee’s 95 counties to over 180,000 students.
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