Statements from Texans for Tier One Campaign Co-Chairs: Former Texas Lt. Governor Bill Hobby and Chairman of the University of Texas System Board James Huffines regarding the passage of Proposition 4
“Tonight’s passage of Proposition 4 sends this important message — Texans understand that more nationally recognized research universities will help retain Texas-grown talent, recruit top researchers who will generate billions of dollars in economic growth and create more high paying, permanent jobs,” said Texans for Tier One campaign co-chair Lt. Governor Bill Hobby.
“We want to thank the Prop 4 supporters across the state who campaigned for its passage – from El Paso to Longview, from Houston to Amarillo – and built broad, bi-partisan support to show that Texas ‘gets it’ when it comes to supporting our state’s universities by offering them a pathway and the resources to becoming top rated American institutions,” said UT System’s Board Chair James Huffines.
MORE ABOUT PROP 4
By voting FOR Prop. 4, Texas voters will establish the National Research University Fund (NRUF), a constitutionally dedicated fund available to the state’s 7 emerging research universities that meet specific legislative standards. NRUF will provide steady funding similar to that which has elevated both Texas A&M University and The University of Texas at Austin to Tier One status. Best of all, funds for NRUF will be transferred from an existing-but-dormant higher education account, thereby providing important support for these future research centers without new tax dollars or bonds.
Research is the principal, but certainly not the only, beneficiary of NRUF. Academic programs, student success and — in the long run — the value of a degree from a Tier One university, will all be enhanced. For Texas’ local and state economies, the benefits are even more tangible. Economists estimate that every $10 million in research expenditures creates 334 new jobs, adds $8.6 million to the regional economy and generates $13.5 million in local sales.
The Texas Legislature has paved the way by unanimously placing this amendment to the Texas Constitution before state voters, and the Texans For Tier One PAC is leading the charge for statewide passage on Nov. 3, 2009.
Texans For Tier One is headed by former Texas Lieutenant Governor and former University of Houston System Chancellor Bill Hobby; University of Houston Board of Regents Chairman Welcome Wilson, Sr.; University of Texas System Board of Regents Chairman James Huffines; and Texas Tech University Board of Regents Chairman Larry Anders.
From now through November 3rd, the Texans For Tier One campaign will emphasize the importance of voting for Prop. 4 to create the National Research University Fund. When Texans vote for NRUF, they will be creating a major catalyst for the Texas economy and opening new doors for expanded excellence of Texas universities.
The seven emerging research universities, as designated by the Texas Higher Education Coordinating Board, are Texas Tech University, University of Houston, University of North Texas, University of Texas at Arlington, University of Texas at Dallas, University of Texas at El Paso, and University of Texas at San Antonio.
For more information on Proposition 4 go to www.texansfortierone.com.