University of Houston’s Endowment Drops 31 Percent
Posted in Houston, University of Houston on February 19th, 2009In 2008, the University of Houston's endowment dropped 31 percent, leading to a current $4.2 million shortfall in its operating budget. Also, Lt. Gov. David Dewhurs has asked state agencies, including UH, to indicate how they would cut their budgets by 2.5 percent. UH Provost John Antel has said that a partial hiring freeze is possible and that a 5% budget cut may occur in 2010.
Sources: "Tough Times Catching up to Texas Colleges" and "State to Cut School Funds."
