FY23 Strategic Plan and Budget Report

APPROVED 08/18/2022
EXECUTE ON CAPITAL
CONSTRUCTION
ASSISTANCE
PROJECTS
During the third special session of the 87th
legislative session, the Texas Legislature
increased its commitment to workforce
training capacity when it authorized $208
million in bond authority (capital construction
assistance projects or CCAP) for construction
of technical education facilities. Largely due to
unprecedented increases in construction prices
in the two years following the initial request,
TSTC determined up to an additional $187
million of institutional (non-CCAP) proceeds are
necessary to deliver on its original promise to
increase training capacity
The CCAP projects are currently budgeted to
include $358.5 million of new construction
and real estate expansion, and $15 million
in renovations across seven campuses. With
statewide construction capacity spread thin
across enormous construction demands in the
industry, managing the construction efforts of
contractors requires higher levels of scrutiny to
ensure quality delivery of TSTC’s projects. The
margin of error is small, requiring high levels
of project management, collaboration across
various affected disciplines, and fiscal oversight
of these high-value contracts.
Project delivery will occur over the next four
years, affecting the facilities capacity required to
meet sales goals.
TSTC will shift from project pre-design in fiscal
year 2022 to final design and construction for
most projects in fiscal year 2023. Bond sales
are planned for Fall 2023. Facilities are planned
to come online between Fall 2024 and Spring
2026.
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STRATEGIC PLAN & BUDGET REPORT