The 2024–25 General Appropriations Act passed by the General Assembly included a $7.2 million state appropriation increase for MTSU. The final budget included net operating funds of $2.4 million, partial funding for a salary pool of $3.8 million to be distributed at the discretion of the University, and $1 million to cover increases in employee benefits.

At the MTSU Board of Trustees meeting in June, the board approved the president’s salary recommendation to provide a 2% cost of living allowance increase, with a $750 minimum. Raises were effective July 1 for administrative and classified staff and Aug. 1 for faculty. The president may recommend additional salary increases based on the availability of funding from additional resources this fall.

The University received nonrecurring funding of $2.1 million to provide continued financial aid for the Medical School Early Acceptance Program jointly administered by MTSU and Meharry Medical College.

In addition, the state budget included $2.5 million in capital maintenance funds for one of the 13 capital maintenance projects submitted for funding. The approved project is for campus fire and life safety systems updates.

The state legislature provided funding for the 401(k) plan for employees who contribute between $20 and $50 per month. That is a maximum match of $50 per month for contributions of $50 or more. In addition, longevity payments were again funded at $100 per year of creditable service up to a maximum number of 30 years.

At the June quarterly meeting, the MTSU Board of Trustees also approved a more than 5% increase in tuition and mandatory fees for the 2024–25 academic year.