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Comment: State schools aren't really state these days (Score 1) 551

by csoto (#37492024) Attached to: Your State University Doesn't Want You

For example, the University of Texas at Austin's state funding comes from the Available University Fund, a contribution from the Permanent University Fund, largely derived through land usage income (oil, minerals, etc.). This is about $158 million out of the University’s total budget of $2.26 billion — about 7 percent. So, you could say its president's income (around $750K salary, plus benefits) is only 7% indebted to the state.

QOTD: I've heard about civil Engineers, but I've never met one.

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