The simple answer: It’s the acronym for University of Texas Investment Management Company, a nonprofit company with a single client, the University of Texas System (and, to a lesser extent, the Texas A&M University System). With the universities it serves under pressure not to hike tuition rates even though fewer state dollars are flowing their way, the company’s performance will be under intense scrutiny this session — and UTIMCO officials are still recovering from last session’s showdown over their generous bonuses. To explain all this for us, we called in an expert: CEO Bruce Zimmerman.
Higher Education
Coverage of universities, colleges, student issues, and education policy shaping Texas’ campuses, from The Texas Tribune.
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Criminal Justice
TribWeek: In Case You Missed It
The Trib staff on the sweeping cuts in the proposed House budget, Grissom on what’s lost and not found at the Department of Public Safety, Galbraith on the wind power conundrum, Hamilton on higher ed’s pessimistic budget outlook, Stiles and Swicegood debut an incredibly useful bill tracker app, Ramsey interviews Rick Perry on the cusp of his second decade as governor, Aguilar on a Mexican journalist’s quest for asylum in the U.S., Ramshaw on life expectancy along the border, M. Smith on the obstacles school districts face in laying off teachers and yours truly talks gambling and the Rainy Day Fund with state Rep. Jim Pitts: The best of our best from January 17 to 21, 2011.
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Higher Education
A Plea For Fairness
Every chancellor of a university system in Texas knows — down to the exact, excruciatingly precise percentage point — how much worse higher education fared than other agencies when their current budgets were cut. With the state facing a massive budget shortfall in the next biennium, the chancellors know they’re in for another round. But this time they’re adamant that they not bear a disproportionate share of the pain.
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Higher Education
All UT, All The Time
In a match made in Longhorn athletics heaven, the University of Texas and ESPN have struck a deal to launch a 24-hour TV network that’s all UT, all the time. As Ian Crawford of KUT News reports, it’s a lucrative venture for UT, which says it’ll use the network for more than just athletics.
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Higher Education
TribBlog: Killing Them With Contact
Among the most controversial issues in House Bill 1, the base budget, is its denial of state funding to four community colleges. While the bill does not represent a final decision, critics say presenting the proposed budget executions this way is as dangerous as the methodology behind the decision is misleading.
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Criminal Justice
TribBlog: Innocence Clinics Dodge Budget Bullet, for Now
Texas innocence clinics escaped unscathed from the first round of budget cut recommendations, but at the Capitol today, advocates said they aren’t safe yet.
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Criminal Justice
A Stiff Cocktail of Budget Cuts
The Texas House has unveiled a $156.4 billion budget that’s $31.1 billion smaller than the current two-year spending plan — a drop of 16.6 percent. The proposed budget came with $1.2 billion in recommendations for savings and new revenue from the Legislative Budget Board.
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Higher Education
The Legal Limit
Texas produces more law school graduates than it has jobs for. But that hasn’t stopped some lawmakers from proposing that the state build a new law school in the Valley.
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Higher Education
Branch: Higher Ed Cuts Unavoidable
As state leaders grapple with a budget shortfall that could be as high as $27 billion, state Rep. Dan Branch, R-Dallas, who chaired the House Higher Education Committee in 2009, offers up some possible cuts to higher education.
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Criminal Justice
Pomp, Circumstance, Consequences
The 82nd Texas Legislature convenes in Austin this week, and while it’s not as much fun as the circus — usually — it’s more important and does have its share of comedy and drama.