Baylor University has faced leadership changes and budget updates in recent years, including board-approved operating budgets and new degree programs. Recent campus news reports mention leadership transitions and expansions in health, social work, and AI-focused graduate offerings, along with campus facility updates and notable performances at Baylor venues. A Baylor Lariat report notes a nearly $1 billion operating budget for 2026-27 and a new AI-centered master's degree. A separate release notes governance actions and leadership changes during the May 2025 meeting. Additional source facts to use if concrete: Baylor University news reports about budgets, renovations, and new leadership.