Quote:
Originally Posted by KillerGroove
You must be smoking rock if you think there is even a remote chance that Tech will go private. First off, I doubt it would be Tech's decision since it is a state school. Second, the Georgia legislature appropriates something along the lines of 3X% of the yearly operating budget of around a billion dollars.
Thirdly, the legislature also has appropriated plenty of money for buildings. The Marcus building was matched with state funds and the new undergraduate learning learning center was built mostly with state funds as was the CRC retrofit. You have to remember that even though Tech gets substantial donations there are usually substantial matching state funding to go along with that.
It is not in the state's interest for GT to ever go private so I seriously doubt it will happen in our generation or the next one. Is there even any precedent out there for this?
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Sorry for bringing this up again, and I didn't feel like responding before, but this guy is wrong and now there is new news on the '12 budget.
2008, the GA taxpayers contributed $259M, or 25%
2009, the GA taxpayers contributed $289M, or 25% still
2010, the GA taxpayers contributed $254.3M, or 22% (another 1% or $12.1M came from ARRA federal stimulus)
2011, the GA taxpayers contributed $231M, or 19%
And now, due to a 6% cut, the GA taxpayer could contribute a whopping 13% of the 2012 budget.
BTW, 29% of the 2002 budget came from GA taxpayers. 28% the next year. It has been on a steady decline but has long been below a third of the budget. There is ever growing serious discussion to take UVA private as only 6-8% of its revenue/appropriation share comes from the state. We are now approaching those levels and there have been plenty of murmurs in certain groups.
You are right that $45M was state appropriated for Marcus and $60M for Clough (large chunks of total state appropriations for the school). You are also right that the state owns the land that Tech sits on...kinda'. Tech has invested in much of the land using the Foundation and it's more complicated than you or I know. There are still plenty of buildings and construction projects fully financed by private contributions and investments. I don't expect the state tio contribute anything to the $45M AMC renovation or the Bill Moore renovation. The state did not contribute to the CoM/Technology Square.
FTR, in 2002 UGA received 43% of its budget from the state and in 2011 it received 32% of its budget from the state, so it's on a decline, too, but still receives substantially more from the state. Georgia State still receives 47-61% of its budget from the state, but it's not very transparent or professionally displayed.
Bottom line, the percentage of out of state students at Tech (like I myself was) is far far higher than the percent of the annual budget revenue appropriated by the state. The state does not even own all of the land. Tech is run literally like a large MIT (coincidentally where I want to go to grad). Private or not, it's closer to private than public and people realize that (it's coming down to whether people want to swallow the intitial shock and continue on virtually the same with no state funding...little diff at this point, or if we just want to maintain the status quo).
BTW, I just read from an inside source that by 2013, only about 8% of all revenue will come from the state (for Georgia Tech). That will put us along with UVA, which is probably the public school most seriously looking at going private.
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