"transformational for the institution and for the state of Texas."
"Texas has grown and grown and grown in businesses and population over the last 20 years, and it's going to continue to grow,"
"You're going to have to have the workforce to meet the demand, and this is going to help us do that."
Texas State Technical College has historically relied entirely on state funding and cannot levy taxes or issue bonds, leaving it vulnerable to funding fluctuations. The college operates 11 campuses with 127 programs, 45 of which are at capacity this semester, and enrollment rose to 13,682 from 12,518 year over year. Voters approved a constitutional amendment creating an $850 million endowment from the general revenue fund, expected to provide up to $50 million annually for capital improvements. College leaders describe the endowment as transformational and anticipate it will help meet growing workforce demands. Previous statewide endowment efforts included a failed $1 billion attempt in 2023. Endowments at two-year institutions remain uncommon but have precedents.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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