Baylor Regents Approve $403 Million Operating Budget

WACO (May 14, 2010)—Baylor University Regents ended a two day meeting Friday during which they approved a $403.3 million operating budget for the 2010-2011 school year and gave the green light to pans to move the Baylor School of Social Work to downtown Waco.

The budget is $13.3 million more than the original 2009-2010 budget and includes an increase of $17.4 million for merit and need-based scholarships, graduate assistantships and scholarships for the Baylor Law School, Truett Seminary and athletics.

The School of Social Work will move into the 33,000-square-foot building at 811 Washington Ave. that used to house Wells Fargo Bank.

Regents also approved creation of a Nurse Practitioner/Doctor of Nursing Practice at Baylor’s Louise Herrington School of Nursing.

Regents praised interim President Dr. David Garland for his leadership.

Incoming Baylor President Ken Starr, who attended the meetings, succeeds Garland on June 1.

Regents reelected Dary Stone to a one-year term as chairman and Dr. Duane Brooks to a one-year term as vice chairman and elected Jeffrey D. Reeter of Houston, William K. Robbins, Jr. of Houston, Phillip W. Stewart of La Jolla, Calif., Richard S. Willis of Colleyville and Dr. Ronald Wilson of Waco to three-year terms on the board.

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