Chancellor announces modest spending cuts to UT System - Nina Satija, Texas Tribune

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. In the coming academic year, McRaven told the system's board of regents, the system will have about 140 fewer employees than it did last year and will cut millions from its administrative budget. The system will also divert $26 million more of its considerable oil revenue to its flagship university, UT-Austin. https://www.texastribune.org/2017/08/24/mcraven-announces-modest-spending-cuts-ut-system/