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Welcome Back from President Bailey

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To the Texas Tech family,

Welcome back to school. The start of the fall semester always brings welcome energy to the campus.

This is an exciting time to be at Texas Tech, and we have amazing opportunities before us.

First, let me update you on our goal to become a Tier One university. During the last year we made great progress. If you are new to our campus, the Texas Legislature passed legislation last year to encourage Texas Tech and six other universities in the state to improve their presence as nationally recognized research universities.

We do not yet know how we will fare during this first year, but we are pleased with the progress we have made so far. The one state benchmark that all seven universities must meet is a minimum of $45 million in restricted research expenditures. While we know our expenditures will exceed $40 million, we will not know exactly what our restricted research expenditures are for another couple months. We must finalize the accounts and conduct an audit. The Texas Higher Education Coordinating Board has not established the final three benchmarks that measure student and faculty excellence. We meet the criteria for size of our endowment; the presence of a Phi Beta Kappa chapter and American Research Library membership; and number of Ph.D.s awarded. The bottom line is that we have made significant progress toward our goal. We will be able to tell you exactly how we fared sometime in early December.

Texas Tech is a terrific university, no doubt about it. Progress requires all of us to think differently about some things and I recognize that change can be difficult. It involves a lot of work and dedication. Our continued growth and changes will eventually make us one of the truly great American research universities. Our faculty, staff and students are the reasons for our success, and I thank each of you for your hard work and dedication.

I wish everyone a great fall semester.

Guy Bailey
Texas Tech President

Received from IT Central on behalf of President Bailey
Friday, August 27, 2010