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That model piles up cost increases for “maintenance” (inflation and scheduled cost increases), “head counts” (more students) and “enhancements” (often noneducational mandates of dubious merit), while ignoring needs for real gains in productivity … New York has a similar problem with Wall Street, as does California with its reliance on personal and corporate income taxes. And many states are like Nevada in that the most stable source of public revenues, property taxes , … …

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Academic institutions need to develop more efficient business …