FY23 Strategic Plan and Budget Report

APPROVED 08/18/2022
A LETTER FROM THE CFO
To our Regents,
“Be bold? Or be safe?” These were the options considered
by TSTC’s leadership team as it weighed the College’s
commitments for the next five years. Our varying instincts
forced us to wrestle with our response. Fortunately, we’ve
spent much time in recent years (including periodic
sessions with you) contemplating this moment.
A year ago, we reflected on the history of this
administration, considered the pandemic impact and
imagined our place in a post-COVID world. Since then,
we’ve researched changing expectations, assessed rapidly
emerging opportunities, and evaluated the strengths of
ourselves and our competitors.
With major disruptions, such as those ushered in by the
pandemic, opportunists and market leaders respond in a
way that accelerates them into a new future. TSTC did not
miss out on that opportunity. We seized the moment and innovated towards a new normal.
It is clear to the team. TSTC’s opportunity to grow as a market leader is right in front of us. This window of
opportunity will not remain open forever. This growth will not merely be the result of choosing a path. This
success will only be realized as a result of bold commitment, disciplined execution, and accountability to
higher levels of growth and change.
So, what’s the answer to our question? It’s unanimous. We must be bold. TSTC will bet on itself. We will
execute at a level we’ve never seen before. Texans, especially students and industry, will see us as a different
kind of institution, in compelling ways. We will be better than the rest, accountable to Texas industry as its
premier workforce provider.
The leadership team looks forward to sharing our plans and the related budget proposal as we
accelerate into our future together.
With enthusiasm,
Jonathan Hoekstra, CPA, MBA, Vice Chancellor & Chief Financial Officer
STRATEGIC PLAN & BUDGET REPORT
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