One of the cornerstones of the public authority proposal that Chancellor Biddy Martin has been pushing with all her might (in contrast to, say, her non-existent campaign for greater public support of the university) is the assumption that we would be able to count on greater donor contributions to patch holes in the budget.
This Bloomberg article documents how that model has worked out for other universities, and it’s not a pretty picture:
If you support the public authority and believe that private donations will be an important source of new revenue, please explain to the rest of us how we will avoid the same fate. Or at least explain why we should embrace that fate.
Either way, it’s past time for more honesty, more facts, more figures, less wishful thinking, and fewer empty platitudes.