Report: Increase higher education funding

Randall Phillis, president of the Massachusetts Society of Professors, joined a panel discussion at the State House on the economic impact of investment in public higher education.

A hike in state funding for public higher education will result in an immediate boost in jobs and a long-run benefit of increased tax revenue, according to a new analysis.

The economic impact analysis, released Thursday at the State House, said that an $800 million increase in funding for the state’s colleges and universities would have broad short and long-term gains.

“In the short run, investments in higher education will create good jobs and the commonwealth needs them,” said Michael Ash, a professor of economics and public policy at UMass Amherst, who co-authored the analysis.

The authors said that the investment in both construction at the schools and expanded educational activity will result in a net increase of 6,500 to 8,000 jobs. Those jobs will also be better paying and will help increase the state’s tax revenue and decrease a drain on social programs like welfare.

It’s an idea that sits well with students like Middlesex Community College sophomore Ryan Manita who said he was stressed and concerned about the current lack of support for higher education.
“I’m here to implore for more in funding,” he said.

But the question of funding remains to be answered.

“The challenge before us is how do we fund this,” said state Rep. Tom Sannicandro.

Report findings

The Economic Impact of Investment in Public Higher Education in Massachusetts report found that:
   
Increasing public funds for the state’s higher education will create an immediate increase in the number of jobs
   
Employment will continue to improve in the long run through increased tax revenue from more and better employment
   
Long-run benefits include a reduction in demand on spending for welfare and other social programs
   
Broader social and economic benefits will also be created



News
Entertainment
Sports
Lifestyle
Local

NYC pension funds valued at $160b: Scott Stringer

The five NYC pension funds that thousands of city employees contribute to saw its fifth year in a row of increased returns, up $23 billion from last year.

Local

Man dies trapped in elevator shaft at Bronx…

A man in his twenties died after being trapped in an elevator shaft of a Bronx building early Monday, police said.

International

Sierra Leone Ebola patient, recovered from family, dies…

An Ebola patient whose family sparked a nationwide hunt when they forcefully removed her from a treatment center and took her to a traditional healer has died.

Local

VIDEO: Cop reassigned as NYPD investigates alleged head…

An officer alleged to have stomped on a Brooklyn man's head last week had his gun taken away and placed on modified duty.

Music

Newport Folk Festival: Photo gallery of 35 moments…

As has been the tradition since Bob Dylan plugged in a bajillion years ago, the Newport Folk Festival embraces more musical genres than its name implies.

Music

MKTO: Behind the bromance

MKTO's Malcolm Kelley and Tony Oller talk about the American Dream tour, Demi Lovato and getting turned down by girls.

Arts

James Earl Jones and Rose Byrne head to…

Two-time Tony winner James Earl Jones returns to the New York stage next month as an eccentric grandfather in a revival of the 1930s comedy…

Movies

Box office: Scarlett Johansson wins battle of brains…

Scarlett Johansson's "Lucy" handily dispatched with Dwayne Johnson's "Hercules" over the weekend.

MLB

Yankees looking to trade for Josh Willingham: Report

CBS Sports’ Jon Heyman reported Sunday the Yankees are interested in Twins outfielder Josh Willingham.

MLB

Joe Torre: I'm in Hall of Fame because…

Joe Torre spent 18 years putting together a near Hall of Fame career as a player. But it was the 12 years he spent as…

MLB

Yankees GM Brian Cashman breaks down art of…

The action frequently accelerates as the non-waiver trade deadline approaches, as it will on Thursday.

Auto racing

Jeff Gordon captures fifth title at Brickyard 400

Jeff Gordon captures fifth title at Brickyard 400

Wellbeing

This Week In Health: Friends share similar DNA,…

Friends share similar DNA, study finds Location: U.S. Study subjects: Nearly 2,000 people Results: When it comes to our social networks, it seems that birds of…

Education

Are liberal arts colleges turning away from the…

Bryn Mawr College, a small women's college located just outside of Philadelphia, announced last week that it would be making standardized tests like the SAT…

Education

Recent grads discover school superintendent plagiarized parts of…

  Two recent high school graduates made a surprising discovery about the commencement speech their school superintendent delivered at their graduation: portions of it was copied…

Career

Feeling stuck? Get out of the entry-level job…

Television and movies may be littered with 20-something characters who seem directionless when it comes to their careers, but author Mary Traina says she finds…