Regents approve operating budget and 5-year capital plan

[Link]SAN ANTONIO, Texas - The Texas A&M University System Board of Regents on Tuesday approved a $7.3 billion operating budget for fiscal year 2025 and a $5.1 billion capital plan for the next five years.

The new operating budget decreased 6 percent because the Texas Department of Emergency Management (TDEM) is concluding its programs responding to the Covid-19 pandemic. The System's operating budget without considering TDEM's unpredictable disaster funding is up 2 percent to $6.5 billion.

The $5.1 billion capital plan includes $3.8 billion of projects in design or under construction and $1.3 billion in future projects.

In other business, the Board:

• Appropriated construction costs for a Business, Engineering & Technology Building at Texas A&M University-Texarkana for a total cost of $44.9 million.
• Appointed Regents Jay Graham and David Baggett to the Board of Directors for The University of Texas/Texas A&M Investment Company (UTIMCO).

About The Texas A&M University System
The Texas A&M University System is one of the largest systems of higher education in the nation, with a budget of $7.8 billion. Through a statewide network of 11 universities, a comprehensive health science center, eight state agencies, and the RELLIS Campus, the Texas A&M System educates more than 153,000 students and makes more than 23 million additional educational contacts through service and outreach programs each year. System-wide, research and development expenditures exceed $1 billion and help drive the state's economy.

Contact: Laylan Copelin
Vice Chancellor of Marketing and Communications
(979) 458-6425
(512) 289-2782 cell
[email protected]