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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
Fain, Paul – Chronicle of Higher Education, 2008
The president and governing board at the College of William and Mary have parted ways in an unusually public split with a deeply partisan undercurrent. Gene R. Nichol says that the Board of Visitors forced him out for defending free speech and diversity on the campus, and that he turned down a generous severance package to go quietly. Board…
Descriptors: College Presidents, Board Administrator Relationship, State Universities, Political Attitudes
Fain, Paul – Chronicle of Higher Education, 2008
Budget seasons have been less uncertain at the University System of Maryland, where leaders have taken a different approach: voluntarily paring back costs. Their efforts are paying off, in more ways than one. The cost-savings plan, dubbed the Effectiveness and Efficiency Initiative, begun in 2004, has saved $94-million so far at the 11-campus…
Descriptors: State Aid, State Universities, Educational Finance, Retrenchment