The end of state universities
If we can’t support them, we need to get rid of them.
Top Tennessee economist Bill Fox, among many others, has already given us the hard numbers: sales tax collections do not ever keep up with economic growth, and thus are a terrible way to provide ongoing funding for anything, including public education. This is true even when the economy is in good shape: when it isn’t, consumer spending slows and tax collections plummet.
Moreoever, the University of Tennessee, like many state universities, already receives less than 20% of its total funding from the state, even as it remains fully accountable to Nashville for every dollar it spends… including the millions that Nashville does not even provide.
Nor has UT ever done a very good job of presenting the seriousness of current and past funding cuts to the tax-paying public. A major barrier to reforming UT’s regressive funding structure is the persistant public perception that universities are rife with excess spending (or) that the whole point of a state university is to field a football team.
UT’s Development, Alumni and Communications offices are good at wearing orange but have always been too tentative about promoting UT academics, nor have they yet aimed high enough with their private fundraising goals.
So how about this: move the football team to Nashville and privatize the rest of UT — under a new name, of course. Let’s stop pretending that we can support, or that we even want, publically funded higher education.
Only a fraction of Tennessee’s taxpayers takes advantage of higher education in any case, so why should taxpayers pay for it, either? Why not reserve our tax money for other government projects (K-12 education? Public transporation?) — or even give it back to the people who earned it?
U.S. universities are still the best in the world, and one reason they are is that they are very good at raising their own money. Universities are also better than legislators at managing their own budgets and setting their own curricula, without state interference.
Why not let them?
