A last minute budget negotiation late Friday pretty much ensures that New York will be the first state to offer ‘tuition-free’ public higher education to its entitled snowflakes. The $163 billion state budget agreement includes the Excelsior Scholarship, which covers tuition for any New Yorker accepted to one of the state’s community colleges or four-year universities, provided their family earns less than $125,000 a year.
Of course, for politicians, ‘free’ is just a nice way of saying they’re about to jam more taxes down the throats of working Americans to cover the cost of services they may or may not use personally.
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The scholarship program will be phased in over three years, beginning for New Yorkers making up to $100,000 annually in the fall of 2017, increasing to $110,000 in 2018, and reaching $125,000 in 2019. Nearly 1
million families will qualify for the scholarship.
This post was published at Zero Hedge on Apr 9, 2017.
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