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Michigan’s Fiscal Train and the Cliff Ahead: Maybe We Should Switch Tracks

In Higher Ed Finance by Bob Murphy

One thing that’s always perplexed me is how drivers occasionally get hit by trains. Trains don’t veer off course. Trains don’t suddenly make a right turn in front of you on your way to the grocery store. Trains just lumber steadily down the track, unable to slow down or speed up very fast. A part of me thinks that if …

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Funding Higher Ed Funds State Incomes

In Higher Ed Finance by Bob Murphy

There are few states that would be described as being flush with cash. State officials (justifiably) want to know the return on the investment they’re making with public revenues. And for years, state universities have argued in turn that investment in public higher education leads to wealthier states. With a little help from our friend Excel (and an assist from …