Wednesday, February 10, 2010
Higher Education Funding Important to Business
Legislative action to ensure predictable and sustainable funding for higher education is important to Maryland’s business community. Businesses need access to a well-educated workforce in order to innovate, grow and create jobs.
The Maryland Chamber supports SB 283, an Administration bill that would make permanent the dedication of 6 percent of corporate income tax revenues to the Higher Education Investment Fund and authorize the deposit of funds into a Tuition Stabilization Trust Account in years that corporate income tax revenues increase.
“We supported the creation of the Commission to Develop the Maryland Model for Funding Higher Education, and we endorse this bill that implements one aspect of their recommendations,” Maryland Chamber Vice President of Government Affairs Ron Wineholt said. “Maryland has made significant progress in making public higher education more affordable, and this bill will help to sustain that effort.”
The bill hearing was canceled due to inclement weather, but the Maryland Chamber will keep you updated on the legislation’s progress. View our position statement. For more information, contact Ron Wineholt at .(JavaScript must be enabled to view this email address).
