Commentary: Austerity Metrics and the Restructuring of Public Higher Education

undergone a sea change, with less than 10 percent of their budgets now attributable to tax-levy public money. Th e City University of New York has lost more than a half billion dollars of its public funding in the past fi ve years. Th e California systems have also been targeted for similar cuts. With the politics of austerity policy, privatized forms of revenue, most notably tuition, have replaced public funding. Th e calculus is simple: as public funding declines, private forms Michael B. Fabricant