Texas’ universities may lose up to 10 percent of their state funds, but they’re still rich as ever, thanks to your support

Kyle Field is viewed during an NCAA college football game between Ball State and Texas A&M, Saturday, Sept. 12, 2015, in College Station, Texas. Texas A&M won 56-23. (AP Photo/Bob Levey)

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The Texas Senate Finance Committee is working to restructure the funding scheme for the state’s universities.

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On Wednesday, the revenue-centered committee reportedly voted to changing how universities are funded, with each university set to lose anywhere from six to 10 percent of its state-provided budget.

This is different than earlier drafts of the Senate budget, where some schools would lose over half of their state funding, but a second report by the Texas Tribune shows they may have more than enough.

According to the estimates, the largest eight universities in Texas spent a combined $525 million on athletics from 2014-2015, and the breakdown is just as staggering:

(Screen shot of Texas Tribune Infographic)

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Unsurprisingly, football is the top revenue-producing sport among the sample size, with men’s basketball trailing closely behind, but a majority of the eight schools are still spending more than they earn – at least from sports.

(Screen shot of Texas Tribune Infographic)

If the Legislator ultimately does decide to make the funding cuts, especially in lieu of raising taxes, sports may actually save the state.

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