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REPORT: Lone Star College System ends fiscal year 2024-25 with $163M net income

Lone Star College System finished fiscal year 2024-25 with a net income of $163 million, after subtracting expenses from revenues.

What happened: During the LSCS board of trustees’ regular March 5 meeting, Chief Financial Officer Kristy Vienne presented the college system’s Annual Comprehensive Financial Report for fiscal year 2024-25. The fiscal year ran from Sept. 1, 2024-Aug. 31, 2025.

The gist: Actual totals for FY 2024-25 were:

  • $604 million in nonoperating revenues, which include property taxes and state funding
  • $563.64 million in operating expenses
  • $122.68 million for operating revenues, which includes tuition and grants

The district’s FY 2024-25 net income—expenses subtracted from revenues—was $163 million. For FY 2023-24, LSCS’s net income was $103 million.

Remember this? In August 2024, LSCS’s board of trustees approved the FY 2024-25 budget with $513.1 million each in total projected revenues and total projected expenditures, as previously reported by Community Impact.

 
On The Transportation Beat
Select international airlines transition to IAH's newly expanded Terminal E

Select international travelers departing from George Bush Intercontinental Airport will check in at Terminal E effective Feb. 27, Houston Airport System officials announced via news release Feb. 27.

What's changed: Previously housed in Terminal D, Air France and KLM Royal Dutch Airlines have transitioned to IAH's newly expanded Terminal E. Per the release, passengers are encouraged to confirm their check-in location directly with their airline prior to arrival.

Officials said customer service representatives in bright orange polos are stationed in Terminals D and E to assist passengers; passengers arriving at Terminal D will be directed to make a 10-minute walk to Terminal E.

Stay tuned: Additional airlines will continue to transition from Terminal D to Terminal E in phases over the next few weeks, officials said. Officials said lounge locations and parking access remain unchanged.

 
Stay In The Know
SHSU expands Bearkat Promise program, increasing free tuition threshold to $100K

Families making up to $100,000 are now eligible for Sam Houston State University’s Bearkat Promise program, after the university announced Feb. 24 that it was raising the family income eligibility threshold from $40,000.

In a nutshell: The Bearkat Promise program provides eligible students with the mandatory tuition and fees they need for up to 15 credit hours per semester, according to its website. The increased income threshold starts in fall 2026.

More details: According to the news release, to qualify for the program, students must:

  • Be an entering freshman or transfer student
  • Be a Texas resident with demonstrated financial need
  • Be eligible for a federal Pell Grant
  • Submit their Free Application for Federal Student Aid by the priority deadline of March 1
  • Enroll in at least 12 credit hours per semester

Quote of note: “College affordability affects far more families than many realize,” Jason L. Meriwether, vice president for enrollment management, said via news release. “Expanding the Bearkat Promise ensures more Texas students can focus on earning their degree rather than worrying about tuition.”

 
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