Yes, with the state
ranked 18th among all states and the District of Columbia in per capita spending it’s clear that higher
education spends money inefficiently, primarily because of its overbuilt
nature. And it’s not like spending generally has not been increasing for higher
education in Louisiana: going back to former Gov. Mike
Foster's first
year, total spending on higher education to this past year
has increased 95 percent. During this same period, the inflation rate increased
only 51 percent. Adjusted for student credit hours
delivered, which gives an indication of output, the increase still is 63
percent. In other words, in the past 18 years, changes in spending on higher
education outpaced inflation.
Yet as previously noted, any plan
to rectify revenue shortfalls cannot be done hastily in the breech, as this
year’s budgeting task would dictate, so offered as a solution was the temporary
suspension of unproductive tax exceptions. However, the tuition-raising option
also makes sense. Under current law, because the Legislature oddly has a veto
power over tuition hikes, that was modified to allow up to 10 percent
increase unilaterally by institutions if they met certain performance
benchmarks. So, the Legislature could amend it to allow for something like a
one-time hike beyond 10 percent to help bail out higher education this year.