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A&M Has Best Financial Legislative Session Ever

COLLEGE STATION, Texas — Texas A&M University is poised to have a winning legislative session, according to preliminary estimates of actions taken Friday by Texas House and Senate conferees who are negotiating the final touches on the FY 2020-21 state budget.
 
The conferees approved approximately $91.5 million in new money for Texas A&M University for the next two-year budget cycle, as compared to about $20 million in new money in the 2017 legislative session. The conferees’ final report must be approved with floor votes by the House of Representatives and the Senate before going to Governor Greg Abbott for his consideration. The session ends May 27.
 

“This is the best financial session that Texas A&M has ever had,” said Chancellor John Sharp.
 
The additional money can be attributed to Texas A&M’s growth ($24.5 million increase in the funding formula), an estimated $12 million more in a special research fund, plus $55 million to help correct a disparity in funding between the state’s two flagship schools, the University of Texas at Austin and Texas A&M University.
 
To continue reading this press release, please visit the Texas A&M System website.