Finance (Budget/Tuition)

UNT to move ahead with plan to purchase Sack N Save
Archived

Wed, Apr 8, 2015 - 1:03pm

The University of North Texas can now move forward with purchasing the Sack N Save building at 1500 Interstate 35E.

The UNT Board of Regents voted unanimously for the chancellor or a designee to move forward with buying the property for $6.25 million.

The property was valued $2,155,200 by the Denton Central Appraisal District last year.

In September, the board authorized the chancellor or a designee to work on an agreement to buy the property, and use eminent domain if a deal could not be reached.

Fitch Affirms University of North Texas System (TX) Short-Term Rating at 'F1+'
Archived

Wed, Apr 8, 2015 - 12:59pm

Fitch Ratings has affirmed the 'F1+' rating on the Board of Regents of       the University of North Texas' (UNT) $100 million commercial paper (CP)       notes program series A.    

      SECURITY    

The CP notes are secured by and payable from all legally available UNT revenues, funds, and balances on parity with UNT's outstanding long-term debt obligations.

      KEY RATING DRIVERS    

      STRONG RATING...

Kent State University wants to double research spending
Archived

Wed, Apr 8, 2015 - 12:57pm

Kent State University wants to double the amount of research money coming into the school within the next five years, with the goal to become one of the top 200 research universities in the country.

“Research generates national notice and prestige,” Provost Todd Diacon said.

Kent State ranked 251st in the nation in total research spending in 2013 at $23 million, according to the National Science Foundation. Meanwhile, it received $11.5 million in federal money, ranking 265th.

Since President Beverly Warren took over the university last year, she has talked about increasing the school’s investment in research...

As Texas college tuition climbs, lawmakers to air ideas
Archived

Wed, Mar 25, 2015 - 9:22am

When Republicans first gained control of the Legislature in 2003, they embarked on an overhaul of higher education by giving university governing boards the power to set tuition rates. It was an effort to make up for declining state support to universities by shifting the costs to students via tuition.

Now, as many middle-class families fear they’ve been priced out of a college education, there’s an effort among bipartisan lawmakers to rein in the increases.

Senate and House committees are slated to hear some of those proposals Wednesday.

But any expansive changes are likely to be stymied by the GOP majority’...

House budget panel tentatively OKs bonds for campus academic buildings
Archived

Wed, Mar 11, 2015 - 8:07am

A group of education budget writers in the House has recommended funding for a raft of new academic buildings on state university and technical college campuses — including seven at Dallas-area schools.

The Appropriations panel’s education subcommittee agreed to spend $250 million over the next two years to pay debt service on tuition revenue bonds, said Rep. Trent Ashby, a Lufkin Republican who heads the subcommittee.

That is enough, it turns out, to issue more than $2.8 billion of bonds to pay for dozens of buildings.

“This was the No. 1 request across the board from institutions of higher learning,” Ashby...