Taxpayers provided UIS with $46.3 million of funding in FY21. In return, they will benefit from added tax revenue, stemming from students’ higher lifetime earnings and increased business output, amounting to $127.1 million. For every dollar of public money invested in the university, taxpayers will receive $3.20 in return.
Another study extolling the revenue windfall from public resource X but excludes the opportunity cost of those tax dollars being spent elsewhere and tuition dollars being spent on other products or services. If it’s such an economic engine, let’s open a college in every town.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Another study extolling the revenue windfall from public resource X but excludes the opportunity cost of those tax dollars being spent elsewhere and tuition dollars being spent on other products or services. If it’s such an economic engine, let’s open a college in every town.