Higher Ed Bonds, Fees, and Donations
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12 responses to “Higher Ed Bonds, Fees, and Donations”
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This is quite excellent Dick. And the connection between capital facilities and student fees is also quite interesting.
Seems like when analyses separate tuition from fees – the rate
of increase over the years is lower for tuition only but when combined
with fees and room & board – it’s quite more. -
https://www.baconsrebellion.com/?s=College+Fees
The role of fees in the explosion of college costs has been a constant topic for Jim and me. And not just the athletic fees, which are outrageous. The boards and presidents think it takes the blame off them, since fees are on their face for specific items, but in truth money out of family pockets (or added to the long term student debt) all counts the same.
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Dick, thanks for highlighting the connection between high-Ed building, debt issuance, and cost of attendance. As much as I have studied higher-Ed costs, this is an area in which I am I sufficiently schooled. Particularly instructive is promising to raise X percent from contributions and then, when the contributions don’t come through, switching to fees-backed debt.
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Crazy stuff … and since CA is full of big bad liberals, I looked up how they deal with their very good state university budgets.
The office of the University President has a Chief Financial Officer who is in charge of systems-wide Capital Asset Strategies and Finance. The office manages the review and approval process for a 10 year financial plan for the whole system. “We access capital markets to finance capital and working capital needs for the university’s campuses, laboratories, and medical centers. We provide leadership and support in capital project policy, planning, design, contract and regulatory issues. We also originate and service mortgage loans for certain faculty and senior staff.”
The budget that is approved by the President’s office is then presented to the Regents.
As a School Board Chair from a CT community, many years ago, I was appalled looking at the pieces of local school budgets that are entwined in a variety of ways with the state budget, in addition to the tax base equalization. In CT. the state equalizes a local system’s ability to raise enough taxes locally but every school district proposes their budget to their town every year. If it was not approved at the meeting, it can be sent to a local referendum.
Now, I am equally appalled at what appears to be a very disjointed VA higher ed budget process that is very short-sighted and therefore more subject to politics.
I think VA loves confusion as a way to get ‘stuff’ passed. Am I wrong? Isn’t there a better way? We don’t need ‘transparency’ as much as a better, simpler process.
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You may have had something interesting to say, but comments like “since CA is full of big bad liberals” are an immediate signal to skip to the next post.
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Sorry, I keep forgetting that sarcasm doesn’t sit well here in the South.
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“Project: Construction of Creativity and Innovation District Living Learning Community project.”
Can somebody explain what a “Creativity and Innovation District Living Learning Community” is?
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A waste of taxpayer money.
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Taxpayer money will not be used for this project.
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Here is Tech’s description (CID stands for Creativity and Innovation District):
“Bringing students and faculty together from different corners of campus, while also inviting in collaborators from local and global communities, the CID will create a place for students, faculty, and external partners to advance experimentation involving the arts and technology. Echoing the vibrance of the district, the new CID residence hall will provide a playful, creative, and inspiring environment with a range of indoor and outdoor spaces for the arts, performance, education, demonstration, and research – all rooted in a residential environment that builds identity and a sense of belonging for residents.”Obviously, I was wrong about including this one in the computer/IT group.
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Don’t you just love academia-speek?
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I’ll rephrase, a waste of the taxpayer’s money that are paying the increased room and board fee.
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