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Board approves budget allocations, capital outlay plan, land sale and major student-housing P3 project
Summary
Finance committee received the system's preliminary operating allocations, approved the FY 26–27 five-year capital outlay plan and authorized a land sale to DOTD plus advanced work on a South Quad student-housing public-private project with multi‑stage cost estimates.
During the Finance Committee session, Thomas (Tommy) Smith, interim chief financial officer, presented preliminary allocations from the recent legislative session and noted the system's total operating budget allocation of about $1,387,000,000. Smith told the committee that self-generated revenues rose from $786,000,000 to $839,000,000 and that the State General Fund direct allocation to campuses was approximately $491,000,000 — a $1,600,000 reduction from the prior year. He said a $4.2 million reduction resulted from an early UAL retirement payment treated as a sweep to campuses.
Smith summarized line-item appropriations and supplemental funding, naming items such as $9,000,000 for graduate assistant allocations, $3,500,000 for a Copper Crown…
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