The Risk to Local Governments Posed by the Current Crisis in Higher Education

Every day, it seems, brings a new national news story about higher education.  Beyond the headlines, the crisis in highereducation poses economic and other risks to state and local governments that support and are supported by universities, colleges and professional schools.  Touro University’s PatriciaSalkin and Albany Law School’s Jenean Taranto explore these risks in a forthcoming article in State and Local News, published by the American Bar Association. Provost Salkin and Associate Dean Taranto discuss their article in this Touro Law Review podcast.  They describe how institutions of higher education boost the economies of state and local governments by, among other things, contributing to a stable real estate market and supporting “local stores, restaurants, hotels and other attractions in the areas where campuses are located."  Salkin and Taranto also discuss how recent executive orders, as well as the proposed College Cost Reduction Act, may affect the economies of state and local governments.