The group is charged with developing a long-term strategy for campus-initiated tuition increases.
The main goal of Thursday's meeting was to specify goals for the next three years, whereas the past two meetings were dedicated to gathering information, said Pam Joyner, associate dean for professional education.
To begin the meeting, task force Co-chairman Provost Robert Shelton explained the breakdown of the $6 million that was generated from last year's $300 campus-initiated tuition increase.
Four facets of the University benefited from last year's increase -- student aid, faculty salaries, funding of faculty positions and graduate teaching assistants' salaries.
Task force members then voiced where they thought money should be spent in the future.
At the top of this list was improving the student-to-faculty ratio.
The money earned from last year's tuition increase led to the hiring of 14 new positions: 11 in the Division of Academic Affairs and three in the Division of Health Affairs. But Elmira Mangum, associate provost of finance, said, "You can't do a lot with 11 positions."
Shelton said that to affect the ratio, there needs to be a 10 percent increase in faculty members, which is close to 70 new positions in the College of Arts and Sciences alone.
TA salaries also were of great concern.