California’s financial crisis isn’t cyclical. It’s structural – the connection between California’s politics and California’s economy is broken. So where’s the opportunity for Texas? At the same time that California politicians are unable and unwilling to support higher education, Texas has increased its investment. The recent legislative session boosted state support for all higher education by $1.3 billion, or 11 percent. The University of Texas System alone will receive $107 million, or 7.2 percent more dollars, for its academic institutions such as UT-Austin and $225 million, or 13.2 percent, more for its health-related institutions. Our state and its universities have dominant income statements and balance sheets. This means that we can compete for talent when California can’t.

Read full article [here].
by Isaac Barchas, The Austin American-Statesman.

Posted: August 12th, 2009, by: admin. Categories: . Awaiting Comments.