Ralph Martire's Center for Tax and Budget Accountability: After adjusting for inflation, state funding for Illinois colleges and universities has fallen by nearly 50% since 2000, while tuition has more than doubled, making it increasingly difficult for students from low- and middle-income families generally, and Black and Latinx students specifically, to afford getting a higher education degree.
Mark – Here’s another example of CTBA blending cash basis accounting with accrual basis accounting to fit a narrative. They claim the state only “spent” (cash basis) $Y on higher ed in 2000, but that $Y didn’t include the full ARC payment for SURS. Fast forward to 2022, when the state is now paying that $Y in the form of pension debt, they do not include it in what the state actually spent on higher ed. If they don’t account for that higher ed pension cost in 2000 when it’s accrued, then don’t account for that pension cost in 2022… Read more »
Last edited 3 years ago by nixit
Poor Taxpayer
3 years ago
Sell more pot to the students, higher education.
Why do they call it “High School”?
It is where the kids learn to get high.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Mark – Here’s another example of CTBA blending cash basis accounting with accrual basis accounting to fit a narrative. They claim the state only “spent” (cash basis) $Y on higher ed in 2000, but that $Y didn’t include the full ARC payment for SURS. Fast forward to 2022, when the state is now paying that $Y in the form of pension debt, they do not include it in what the state actually spent on higher ed. If they don’t account for that higher ed pension cost in 2000 when it’s accrued, then don’t account for that pension cost in 2022… Read more »
Sell more pot to the students, higher education.
Why do they call it “High School”?
It is where the kids learn to get high.