It costs only about $7.3 billion, according to the 2015-2016 state budget, to operate the best and greatest public university in the history of humanity, the University of California (UC). In the grand scheme of California’s $2.5 trillion economy, that is a relatively small price tag. It costs an additional $5.6 billion and $9.2 billion to operate the California State University (CSU) and California Community Colleges (CCC), respectively, for a grand total of $22 billion… if we allocate $5.4 billion more to higher education, tuition will be eliminated for all at every public school in the State of California… How do we afford $5.4 billion? We tweak an antiquated law in the California Constitution that keeps property taxes capped at one percent and allocated entirely towards local government and K-14; you may know it as Proposition 13. A small increase of one-quarter of a percent, 0.25 percent, will raise approximately $15 billion above the $60 billion already raised.

Read full article [here].
by Jonathan Abboud, The Santa Barbara Independent.

Posted: January 26th, 2017, by: admin. Categories: . Awaiting Comments.