How WI Can Fund FREE Tuition
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THE MONEY IS THERE: How to Provide FREE Higher Ed to ALL Wisconsinites
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The State of NY just enacted free in-state tuition at its public colleges and universities:
http://wapo.st/2piN49u
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This is a very simple analysis of how WI could do the same thing, if its government adjusted its priorities.
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NOTE: Tuition costs are OVER-estimated here. The NY plan includes income-limits and only kicks in after Pell Grants are applied.
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If WI included similar requirements, the cost of funding free in-state tuition would drop significantly.
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What Would It Cost To Provide Free...?
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Cost (2yr Budget)Low-Hanging Savings$ Leftover
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Technical/Vocational Colleges$518,616,000$1,589,754,600$1,071,138,600
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Tech Coll & UW 2-yr Campuses$601,880,400$1,589,754,600$987,874,200
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Tech Coll & UW (except Madison & Milw.)$1,495,210,800$1,589,754,600$94,543,800
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Tech Coll & UW (except Madison)$1,763,515,200$1,589,754,600($173,760,600)
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ALL Tech Colleges & UW Campuses$2,130,898,200$1,589,754,600($541,143,600)
<Took 10 minutes to find $1.6B in savings. Definitely another $500M if we look for it.
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COST DETAILS:SAVINGS DETAILS:
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2015-16 Total Tuition Revenue% WI Resident1yr Total2yr BudgetState Budget Item2yr Savings
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WTCS$264,600,00098.0%$259,308,000$518,616,000Eliminate Mfg & Ag Tax Credit$654,000,000
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UW Colleges$45,800,00090.9%$41,632,200$83,264,400Tax Capital Gains same as Work$352,000,000
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UW Compr.$538,800,00082.9%$446,665,200$893,330,400Take Federal Medicaid Expansion$380,300,000
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UW Milwaukee$163,800,00081.9%$134,152,200$268,304,400Don't Implement 0.1% Income Tax Cut$203,454,600
<People won't notice an extra $1 per paycheck
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UW Madison$405,500,00045.3%$183,691,500$367,383,000Low-Hanging Fruit Savings:$1,589,754,600
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$2,130,898,200
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Sources:
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LFB Informational Paper #31 WI Tech College System, Table 4:
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https://docs.legis.wisconsin.gov/misc/lfb/informational_papers/january_2017/0031_wisconsin_technical_college_system_informational_paper_31.pdf#page=11
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LFB Informational Paper #33 UW System Tuition, Table 11:
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https://docs.legis.wisconsin.gov/misc/lfb/informational_papers/january_2017/0033_university_of_wisconsin_tuition_informational_paper_33.pdf#page=23
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WI Budget Project - M&A Tax Credit is Inefficient, Costly:
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http://www.wisconsinbudgetproject.org/the-big-giveaway-is-getting-bigger-updated-figures-show-growing-tax-credit-is-inefficient-costly
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WI DOR "Capital Gains Exclusion" Table 3:
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https://www.revenue.wi.gov/DORReports/17sumrpt.pdf#page=18
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LFB Apr 2017 Memo on Federal Medicaid Expansion:
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https://gallery.mailchimp.com/7126ec513f66440e67bfd72aa/files/4121fb46-704b-4acb-a2d9-b83c023ea276/20170403112841886.pdf#page=3
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2017 Executive Budget - Income Tax Rate Reduction:
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https://docs.legis.wisconsin.gov/misc/lfb/budget/2017_19_biennal_budget/100_summary_of_governor_s_budget_recommendations_entire_document_march_2017.pdf#page=191
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WI Budget Project - A WI Budget For All
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http://www.wisconsinbudgetproject.org/a-wisconsin-budget-for-all-how-we-can-invest-to-help-wisconsin-communities-thrive
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