Earlier this week, President Eighmy provided a series of budget updates for the 2024-25 biennium based on the outcomes of the 88th Texas Legislature, particularly HB1.
This year’s legislative session, which began in January of this year, boasted a record budget surplus of $32.7 billion. At the start of the session, Texas’ top six public higher education systems proposed an initiative that would freeze in-state tuition and some fees throughout the biennium in exchange for a $1 billion investment aimed at alleviating the financial strain on higher education institutions. However, these appropriations were contingent on the passage of SB17, which would prohibit diversity, equity and inclusion programs, and SB8, which sought to codify university tenure programs.
HB1, commonly referred to as the General Appropriations Bill, passed with SB17 and SB18, though it only reflects about 70% of the affordability investment.
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