Regents approve operating budget and 5-year capital plan
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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).
