Testifying before the full Select Committee on Public School Finance, Dr. Vedder outlined the relative merits of revenue options, but also urged legislators to exercise caution in making radical changes to the state’s tax system.
Higher Education Subsidization: Why and How Should We Subsidize Higher Education?
We provide massive college subsidies at both the federal and state level. This paper explores the justifications for these college subsidies, subsidy design considerations, and evaluates the main subsidy programs to assess whether they are well-designed. Our evaluation discovers reasons to eliminate some subsidies and ways to improve other subsidies. Key points: Subsidies for higher...