“An investment in knowledge pays the best interest.”
- Benjamin Franklin
About Proposition 5
Texas needs more nationally top-ranked public universities to fill high-paying jobs and drive economic growth. Proposition 5 will establish a new permanent endowment, the Texas University Fund (TUF), with no new taxes, to provide reliable funding for faculty, research and graduate studies at rising universities with proven track records in research and innovation.
Republicans and Democrats in the Texas Legislature united to propose a constitutional amendment creating the Texas University Fund, a $3.9 billion endowment, to voters this November. And no new taxes are needed to fund it.
Thankfully, voters approved the amendment to put UH and other Texas universities at the national forefront of academic excellence and research preeminence.
Funded with No New Taxes
No new taxes will be imposed to pay for this permanent endowment, while benefiting future generations of Texans.
The Texas University Fund (TUF) will be a $3.9 billion endowment, funded by a one-time, $3 billion allocation from the state’s budget surplus, $896 million from the National Research University Fund and interest-only income, up to $100 million, from the Economic Stabilization Fund..
Which Universities Are Eligible?
Qualifying universities must meet the following objective criteria:
- Be ineligible for the Permanent University Fund (PUF)
- Have a portfolio of federal and privately funded research
- Meet high standards in teaching and academic excellence
Four universities currently qualify for inclusion in the TUF: University of Houston, Texas Tech University, University of North Texas and Texas State University.
5 Benefits of Proposition 5
1Increase Research and Development in Texas
To be global frontrunners in cutting-edge sectors, from energy production to technology, we must increase investments in research directly supportive of our state’s economy. The Texas University Fund is dedicated to bolstering research to make UH and other Texas universities more competitive both on a national and global scale.
2Drive the State Economy Forward
Increasing research and development, enhancing graduate programs and bolstering faculty excellence will drive our students and economy forward.
3Raise Our Rankings
Texas lags other states in the number of nationally top-ranked public universities, with California leading all states with nine, and Texas with only two. The approval of Proposition 5 will provide critical funding to help UH and other Texas universities rise in national rankings and increase the number of top-ranked public universities.
4Filling the Job Skills Gap to Keep Texas Competitive
Proposition 5 will ensure more Texas graduates can fill high-paying jobs and reduce the state’s reliance on out-of-state and international talent.
5More Top Ranked Universities for Texas Students
The University of Texas and Texas A&M University are busting at the seams and aren’t able to keep up with the number of Texas students who wish to attend a top-rated university in Texas. The more than 20,000 students who leave the state to attend a top university elsewhere may never return to lead our economy forward.
How Proposition 5 Helps UH
Enhance Graduate Programs
Proposition 5 funding will enhance graduate study programs to help UH students gain high-paying jobs.
Rise to the Top 50
UH is on a mission to become a top 50 public university.
Proposition 5 will provide critical funding to increase and enhance its research, which is a key measurement in top public university rankings.
Proposition 5 funding will help UH attract, retain and enrich top faculty to excel our students and University.
Greater Student Success
With increased research opportunities, enhanced graduate programs and more top faculty, students will be more competitive in their careers.