University endowments

UT System Chancellor Bill McRaven chats with Board of Regents Chairman Paul Foster during a July meeting.
 Bob Daemmrich for the Texas Tribune

Chancellor announces modest spending cuts to UT System

Amid significant pressure to rein in spending at the University of Texas System, UT Chancellor Bill McRaven announced on Thursday that the system — which oversees UT-Austin and 13 other campuses across the state — is about to get a little bit smaller.

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