Board of Trustees Approve Historic $503 Million Operating Budget
July 18, 2023
At a special meeting, the Alamo Colleges District Board of Trustees approved the Alamo Colleges District's 2023-2024 operating budget of $503 million.
This budget year is historic, as the State of Texas invested an additional $683 million into community colleges in Texas, and the Alamo Colleges received the largest increase of all 50 community colleges.
In addition to the unprecedented investment as part of House Bill 8, the State Legislature overhauled the community college funding model to focus on four student-centered outcomes, rewarding colleges for:
- The number of credentials of value awarded that position graduates for well-paying jobs.
- Credentials of value awarded in high-demand fields.
- Successful student transfers from community colleges to four-year universities.
- Completion of a sequence of dual credit courses to set students on early pathways to success.
“This historic funding supports the students we serve at the Alamo Colleges District and provides an investment in creating the workforce of the future,” said Dr. Mike Flores, Alamo Colleges District Chancellor. “It will allow us to enhance our already robust systems and programs to aid our current students on their success journeys and to continue our moonshot of ending decades of generational poverty through education.”
Alamo Colleges District’s budget allocation included a new revenue increase of $65.1 million (including state and local funds).
The approved budget includes the below investments, many of which have an emphasis on two key focal points – student learners, by sustaining excellent instructional services and a full suite of wraparound support services and employees by maintaining competitive compensation and fringe benefits and other services aimed at retaining and supporting the Alamo Colleges District’s talented workforce.
Enhancements and Innovations - $31.9 M
Student Success - $13.2 M
An emphasis on support services for the most vulnerable students in the district include:
Adult Education and Literacy
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Academic Success Investments
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Advocacy and Economic Mobility Investments
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Talent – $18.6 M
The Board approved an employee compensation program that is competitive among nationally recognized, high-performing community colleges. The Board’s commitment is clear in the following talent strategies that are scheduled to begin on September 1, 2023:
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Core Operations Additional $33.2M
In addition to the enhancements and innovations in student success and talent, the Board also invested $33 million in core services to support institutional reserves, employee fringe benefits and operational growth. The expansion of services is listed below:
Record Number of full-time faculty hires The budget supports 80 new full-time faculty members. |
The Board is investing in the expansion of AlamoPROMISE to 50+ private, parochial and charter schools, as well as home schools in Bexar County targeting an additional 575 learners as PROMISE scholars. |
Using new Financial Aid for SWIFT Transfer (FAST) state funds, the Alamo Colleges will expand AlamoBOOKS+ to all high school programs. |