Showing posts from January, 2017

The $48 Fix Is Broken

$48 per median household is what Reclaim California Higher Education (RCHE) estimates is needed to restore postsecondary education in the state. They claim the $9.43 billion in new taxes would not only restore state spending on HE to the 1.17% of AGI it enjoyed in 2001, but also provide tuition-free HE to all qualified in-state students. Importantly, the only new money in the Reclaim Master Plan (RMP) is $4.71 billion that RCHE calculates would restore funding to comparable 2001 levels, since even without their plan, by state or by student, $4.72 billion in tuition revenue will find its way to institutional coffers in 2016-17.

I like the RCHE approach to this problem, using straightforward, basic funding calculations, rather than administrative or bureaucratic redesigns. Weissmann, from The Atlantic, has made similar calculations in support of nationwide tuition-free HE. His estimate is an additional $62.6 billion in public funding. And across the country there are other initiatives th…