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Southeast Tech board approves $61 million FY2027 budget, including $19 million in construction and 3% raises for staff
Summary
The board approved a final FY2027 budget of a little over $61 million—including roughly $19 million for facilities work—authorized five new full‑time faculty positions and approved a 3% across‑the‑board raise for faculty and staff (adjuncts excluded); vote recorded with one opposing member.
During a public hearing the board considered the final fiscal year 2027 budget and then voted to adopt it.
Christine (staff presenter) said the final budget is a little over $61 million, with approximately $19 million earmarked for construction and remodeling projects. She described an overall operating increase of about 2.9% (outside construction), and noted the budget includes a 3% salary increase for all faculty and staff excluding adjuncts and funding to add five full‑time faculty positions plus additional staff.
Revenue assumptions outlined in the presentation included approximately $4.5 million remaining on a HUD award to be accessed in FY27, anticipated private donations amounting to $5 million for the Abner building and a $2 million donation from Wells Fargo to support a home‑building lab, and about $300,000 of prior‑year maintenance & repair funds for deferred maintenance projects. Christine also noted an anticipated rise in state‑funded equipment grant activity related to a diesel specialty program at the James annex and expected increases in digital subscription costs.
With no members of the public offering comments during the hearing, the board closed the hearing, moved and seconded the motion to approve the FY2027 budget, and the motion passed; the transcript records one member opposed but does not provide a roll‑call tally. Following the budget vote the board approved the FY27 salary schedule reflecting the 3% increase; that approval likewise passed with one member opposing.
The budget and salary schedule become the board’s adopted financial plan for FY2027; staff said they will present revised financial reporting next year with separate tracking for strategic‑plan investments.
