Forgotten Taxpayer Subsidizes Academic Royalty

Forgotten Taxpayer Subsidizes Academic Royalty  is being published with the kind permission of Tea Party activist Bob Guzzardi

Temple University President Ann Weaver Hart is paid   $707,947.00  annually.

Temple University’s 2011 budget is over a Billion Dollars –$1,073,697,000  not including Temple University Health System

The House Republicans have proposed giving Temple University $129,387,000 of The Forgotten Taxpayer’s earnings and savings overriding the Governor’s proposed $82,487,000. As a “nonprofit”, Temple University pays no local property taxes and no State or Federal taxes other than payroll deductions from all employees.

Is subsidizing Pennsylvania’s billionaires and millionaires the best use of Pennsylvanian’s earning and savings?

UPENN President Amy Gutmann is paid $1,367,000 in 2011; 15th highest in 2010

UPENN’s, a private nonprofit corporation has 2011 budget of $6.07 Billion with an endowment of $5.6 Billion (2010)

The House Republicans have proposed financing UPENN with $ 85,282,000 of The Forgotten Taxpayer’s earnings and savings reducing the Governor’s proposed $ 87,771,000. As a private “nonprofit” corporation, UPENN pays no local property taxes and no State or Federal taxes other than payroll deductions from all employees.

Is subsidizing Pennsylvania’s billionaires and millionaires the best use of Pennsylvanian’s earning and savings?

Misallocating resources lowers the standard of living for all of us.

Forcing the many taxpayers to fund the few who benefit is not good policy.

 

Forgotten Taxpayer Subsidizes Academic Royalty

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