Sunday, December 9, 2012

Sustaining higher education - Toledo Blade Editorial

There’s no cause for panic yet over a $13 million shortfall that appears to have emerged in the University of Toledo’s budget. But the university needs to do more than hope the situation straightens itself out by averting enrollment decreases in the spring. Columbus also needs to pay attention to UT’s financial shape, understanding that investing in the state’s future does not mean shifting more of the cost burden for higher education to individuals through tuition increases or forcing universities to cut academic programs. The shortfall at UT represents a decline in projected revenues of as much as 2.5 percent. UT’s overall budget amounts to $800 million, including $530 million for nonclinical education programs operated primarily on the main campus. http://www.toledoblade.com/Editorials/2012/12/03/Sustaining-higher-education.html