budget provisos: prepaid tuition

Monday was my first day of the first year of the Finance Committee’s work on the budget. We went over several subcommittee reports and adopted most of the subcommittee’s recommendations on numerous provisos.
The tuition pre-payment program shall not accept any new participants. This was a good plan with good intentions. Because of higher ed’s reckless, unquenchable appetite for spending, tuition costs have been soaring through the roof, so it was a fiscally untenable plan. We will not take any new enrollees, yet a current participant won’t have to pay additional out of pocket money for the difference of the tuition escalation.