“Blue Book” Affirms Intent to Tax Executive Compensation at Public Colleges
In its explanation of the 2017 Tax Cuts and Jobs Act, the nonpartisan Joint Committee on Taxation acknowledged that Congress intended the new executive compensation excise tax to apply to all public colleges and universities as well as private institutions—but said the law as written does not match that intent.
College and University Endowments Report 8.2 Percent Return in FY18
Results of the 2018 NACUBO-TIAA Study of Endowments are now available. Among the highlights: Nearly two-third of participating institutions increased their endowment spending dollars to fund student financial aid and other programs in spite of lower long-term results.
Government Reopens but Uncertainty Remains
The ongoing budget stalemate makes it unclear how policymakers will tackle other unfinished legislative business on Capitol Hill in 2019 (ranging from tax extenders and technical corrections to addressing a debt-limit hike). Surprisingly, lawmakers on both sides of the aisle are optimistic about reauthorization of the Higher Education Act.