• Maintain a competitive position among major employers within its service area regarding salary and benefits for non-faculty employees, along with one of the highest leadership positions among Texas’ 50 public community colleges in the compensation for full-time faculty;
• Attain the best available bond rating (S&P and Moody’s), which translates to the most favorable interest rates should the college decide in the future to issue revenue bonds;
• Refrain from increasing student tuition and fees in the past two years, while virtually every other Texas college and university has adopted increases, and
• Adopt the chancellor’s recommendation, this past month, to set aside a “super endowment fund” to create the “Stars of Tomorrow” scholarship fund for high school graduates who live in Tarrant County. The scholarship corpus for investment will be composed primarily of all the projected revenues — in the tens of millions of dollars — the college, which sits on top of a gas reserve, anticipates receiving from oil and gas leases. Some of the best leadership solutions come from extreme challenges, and rethinking finance strategies can often reap great rewards for colleges and students.
— The forum is sponsored in partnership with the National Institute for Staff and Organizational Development (NISOD).
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