<p>hoedown,
No argument from me that U Florida is facing some financial pressures, but that does not exactly make them unique among public universities in the USA. But there are important differences in the economic environments surrounding these universities and how they play out will make all the difference. </p>
<p>First, Florida had an economy that was booming and was expected to grow rapidly in the decade ahead. Notice I use the past tense. Given what's gone on almost everywhere in the last 12 months, nothing is certain in the near future. Florida's real estate markets are a mess and have morphed from a positive to a negative. However, tourism remains good as Florida actually can benefit during a recession as more Americans will opt for drive-in vacations, albeit they will likely be spending less than they have historically. Other local industry (aerospace, info tech, healthcare) remains in place, but corporate capital spending budgets are still being cut and these companies will likely feel the pain in 2009. Agriculture remains in fine shape and OJ remains a demanded commodity in the US and world markets. Florida supplies about half of this to the world. </p>
<p>Second, U Florida's student/faculty ratio of 21/1 is pathetic. They know it, the state legislators know it. But there was a path to correct for this-hire more professors. This was the plan until the economic train wreck hit the country and Florida. The response has been to push back hiring plans and try to spread out the distribution of students to public colleges throughout the state. Flagship U Florida has gotten even more popular and competitive in the last few years and the state has an obligation to support the other state colleges in Florida as well. U Florida has survived better than all other Florida institutions, but it's not immune to what is going on in the state. </p>
<p>Third, the state legislature has room to raise tuition as U Florida is the cheapest major public university by a wide margin. But this will be difficult in a state that is loathe to raise fees of any type and this mindset is part of what is contributing to the current budget crisis. Still, the option exists and this is a large difference with a school like U Michigan which has practically zero room to raise tuition & fees. U Florida's IS tuition is one-third that of U Michigan. U Florida also has a lot of room to increase OOS populations and bring in higher revenue per student. Presently, only 4% at U Florida come from OOS. At U Michigan, where OOS tuition is already more than 50% higher than at U Florida, 32% of the students are OOS. </p>
<p>The million dollar question is whether Florida (like much of the rest of the USA) has a future. IMO, the state has a brighter future than states in the industrial NE/MW as several of Florida's industries have a firmer footing or will grow markedly faster (tourism, Latin American trade, agriculture, space industry, even info tech and software development). It is the USA's 4th most populous state and has very good geographic/economic breadth with 6 metro areas with more than 1 million residents. There is excellent infrastructure in the state with 14 deepwater ports, 19 major commercial airports (including 12 serving international destinations) and a highway and cargo railway system that is among America's best. </p>
<p>Thus, I believe that the trends we have seen over the last decade that boosted Florida's position will ultimately resume and, with the right leadership, these trends all can bring greater prosperity to the state and to U Florida. If I am correct, that will translate to more population and wealth and political power, but I concede that the path is certainly bumpier and longer than envisioned not long ago.</p>