The Texas A&M University System Board of Regents approved Thursday afternoon a $6.3 billion operating budget for FY 2020, an increase from the current year’s $4.7 billion budget.

The regents also approved a five-year, $2.9 billion capital plan that includes $841.3 million in new proposed projects.

According to an A&M System release, the operating budget’s increase was due largely to the Legislature authorizing the transfer of the Texas Department of Emergency Management into the A&M System as its eighth state agency.

The $2.9 billion capital plan includes approximately $2 billion of previously approved projects that are either in design or in construction.

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