America's education system is robbing alot of people of the American dream. Having to pay an arm and a leg can cripple a kid's financial future, or wipe out a parent's retirement savings. I know Michigan and many others in the US are elite institutions but its getting to a point where that doesnt matter if kids have to borrow 100k+ just to get a bachelors degree which is becoming more and more worthless.
University of Michigan being "cut loose" by the State. To become private school?
And of course these politicians want to cut funding for the future for political gain today. You can cut education spending today and no one sees the damage for many many years. Long after the politicians that made the cuts are gone.
Education needs more funding -- not less.
UM will be fine either way, but I would be surprised if UM went private.
It is truly sad that the cost of an undergraduate education continues to skyrocket (not unique to UM).
1. The University's property would become taxable. Ann Arbor would become a world class city with top of the line services. The U would be much much poorer.
2. The reason Mary Sue and her clique want this to happen...the U would be free to let in black applicants well under the cut-off. The Michigan constitution currently only allows race base admissions if required by federal law.
3. The U, over the years, is the result of untold billions of investment by the state. Who is willing to pay that back to us taxpayers?
(1) U-M would remain a non-profit organization. It would therefore retain its current tax exemptions.
(2) I have seen nothing that suggests MSC wants this to happen. The senior administration of the university is proud of U-M's status and mission as a public institution. As for admissions: Of far more consequence would be the University's ability to freely recruit non-Michigan students. You are right about there being a constitutional provision against sex- and race-based consideration in admissions, and a private U-M would have more freedom to admit students it found desirable for reasons of diversity. Those numbers would be a small story compared to how U-M would change its residency mix. In interest of clarity, there is no "cut-off" for qualification for admission. Perhaps you are mixing U-M up with an institution with a different admissions system.
(3) I've never seen a good answer to that question and I'm curious myself.
Clay, I think I see where we talked past each other. Non profits, under many circumstances, are exempt from income taxes. Churches, under many conditions, are exempt from real and personal proptery taxes. Most other non profits are not.
The hospital complex would be exempt if it met a six factor legal test. The rest of the U is only exempt under MCL211.7n under one heck of a lot of tests and if the U doesn't use the property outside its non-profit founding documents.
Large portions of the North Campus and Bio Sciences, and most of the newly purchased Drug Labs, would most likely be taxed--building and equipment.