I've held back on this because I wanted to give readers a chance to read the initial analysis of Proposition 4. There are a lot of arguments out there in favor of it (the Fort Worth Star-Telegram has their endorsement here). I think you need to know, Prop. 4 is a bad idea.

The UT College Republicans and the University Democrats are getting together tonight to oppose tuition deregulation, a policy enacted by the Texas legislature in 2003 that allows public universities sole discretion in setting tuition prices.  They are hosting State Senators Juan Hinojosa (D-McAllen) and Dan Patrick (R-Houston) to discuss their efforts to overturn the policy this legislative session.