MUSC trustees review proposed FY20 budgets for university, hospital authority
July 2, 2019
Board holds in-state tuition at current levels with no increases for next fiscal year
The Medical University of South Carolina (MUSC) and Medical University Hospital Authority (MUHA) Board of Trustees held a special-called meeting to receive and discuss proposed fiscal year 2020 budget information. Budgets will be voted on at the regularly scheduled August 2019 board of trustees meeting.
“It’s been an incredible year of growth across the MUSC enterprise,” said MUSC President David J. Cole, M.D., FACS. “As we close fiscal year 2019 and move into fiscal year 2020, we remain keenly aware that health care is at a crossroads. Together with our board of trustees, we will continue to lead health care innovation for our state with the understanding that solid fiscal stewardship is the bedrock of how we continue to change what’s possible for our patients, students, faculty, employees, as well as the larger South Carolina community and those in need well beyond our borders.”
One recent example of this fiscal stewardship philosophy is the effort to temper tuition costs for students and families. The MUSC board voted unanimously in April to hold in-state tuition rates for fiscal year 2020 at the same levels as fiscal year 2019. The hold on in-state tuition rates applies to all six MUSC colleges.
The MUSC/MUHA Board of Trustees serve as separate bodies to govern the university and hospital, holding two days of committee and board meetings six times a year.
