"Dishonest scales are an abomination to the Lord,
But a just weight is His delight."
Proverbs 11:1
As a glutton for punishment, we briefly stopped by today's UT Regent meeting to hear UTIMCO's annual report. Nothing interesting there. But there was something else modestly fun.
As we highlighted last November, Central Health (the Travis County hospital district) has been improperly subsidizing operating expenses at the UT Medical school. This flows from a shady as all heck arrangement that arose from the 2012 tax increase to allow Central Health to partner with UT Austin on the Med school. Technically, their collaboration was supposed to be limited to helping Travis County cover "indigent health."
Today, activist Fred Lewis presented findings to the Board over the degree to which Central Health has instead been funding the payroll for the UT Med school; as it turns out 84% of total compensation for the Dell Medical school has been coming from Central Health.
It gets better: Apparently, the Dell Medical school has no records of Central Health funds being used for indigent health.
Of course, it's UT; they don't care.
That being said, it was fun to watch Steve Hicks act all butthurt over this: "I take exception."
Bottom Line: Considering the degree to which UT is protected by the Governor these days, they'll get away with everything, but it was still fun to watch them squirm.
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