A smart move by the Texas Legislature could double the University of Houston’s...
, plus another $900 million rolled over from a previous fund, for these four schools to share as an endowment.
Why haven’t you heard more about this big, important good news? Blame the culture wars in the Legislature for drowning out discussion of less controversial higher-ed issues. Lt. Gov. Dan Patrick led the Senate to pass a ban on diversity, equity and inclusion programs that was signed into law. The Senate’s, which generated heated pushback from professors, was rewritten by the House in a way that simply puts standard university policies into law.
Against that dismal backdrop, it’s especially notable that the Legislature did right by UH. Not only did lawmakers set aside $3 billion for the TUF endowment, but they made a move that would feed it another $100 million every year that the state’s Rainy Day Fund investments throw off enough money. Football is why, or at least it’s a key factor. In 2021, when the University of Texas was invited to the Southeastern Conference, the ground shook and the air was filled with howls.
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