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Fain, Paul – Chronicle of Higher Education, 2009
While colleges across the nation are coping with the recession, public universities in Florida, a state with finances that resemble a Ponzi scheme, have spent years doing without. The recession hit Florida early, and in a big way. Without an income tax, state government has long depended on property and sales taxes. As real estate and tourism have…
Descriptors: Taxes, Income, Real Estate, Educational Finance