In a presentation to the athletic department’s major boosters in late April, Georgia Tech athletic director Todd Stansbury made the observation that his department’s $77 million budget may sound like a lot, but that it actually ranked in the lower third of the ACC.
Stansbury informed the donors that ultimately he was seeking to add another $10 million to the budget to become more competitive with the rest of the conference. On Thursday, the budget presentation at the athletic association’s final board meeting of the year gave notice that Tech is headed that way.
The projected budget for the 2018 fiscal year, which roughly corresponds with the 2017-18 academic year, calls for a break-even year in which revenues and spending will be $84.3 million. The projected spending for the 2017 fiscal year, which concludes June 30, will be $81.3 million.