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LSCS ends year with $163M net income Lone Star College System finished the 2024-25 fiscal year with a net income of $163 million , after subtracting expenses from revenues, per LSCS’ Annual Comprehensive Financial Report. The gist Per the report, actual totals for FY 2024-25 were $604 million in nonoperating revenues, $563.64 million in operating expenses, and $122.68 million in operating revenues. Some context In a March 6 email, Chief Financial Officer Kristy Vienne explained that figures are not directly comparable to LSCS’ budget. “Net position is similar to net worth—it indicates ... long-term financial strength, rather than its available cash,” Vienne said.
The Woodlands not picked for tunnel project The Woodlands, which was one of 16 finalists for The Boring Company’s Tunnel Vision Challenge, was not among the final three locations chosen to have a mile-long tunnel built at no cost to trans- port passengers in electric vehicles. The Elon Musk-owned company announced in a post on X, formerly known as Twitter, early on March 24 that three final locations were selected as the location for the project: New Orleans, Baltimore and Dallas. A value for the cost of the project was not given by the company. The latest In addition to the three winners, The Boring Company said it would work with several other projects to try to get them built, including a project in Henderson, Tennessee, and one in San Antonio. According to the company, the next step for
Tunnel project finalists
NOLA Loop (New Orleans, LA) Ravens Loop (Baltimore, MD) University Hills Loop (Dallas, TX)
Runners up
Hendersonville Utility Tunnel (Hendersonville, TN) Morgan’s Wonderland Tunnel (San Antonio, TX)
SOURCE: THE BORING COMPANY/COMMUNITY IMPACT
the selected projects will include meetings with elected officials, regulators, community leaders and business leaders as well as geotechnical borings as part of a feasibility study. “We will continue to work with Montgomery County Precinct 3 Commissioner Ritch Wheeler and other stakeholders in exploring solutions that can help improve mobility, including parking strategies, microtransit options and other inno- vative approaches,” said Brad Bailey, chair of The Woodlands Township’s board of directors, in a statement.
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