Consider a half-cent sales tax, dedicated to educators' salaries ' but only through endowed funds. Eighty percent would go to the Community Foundation for K-12 education, 20 percent to the UL Foundation.
Consider UL, which gets a 40 percent state match. UL could find donors for further matches: $300,000 from taxes, $300,000 from donors, $400,000 from the state ' a $1 million chair, yielding $50,000 a year.
But universities generate a seven-fold multiplier. So $300,000 in taxes gives $50,000 a year. So $50,000 times seven generates $350,000 ' an immediate profit. But while each $300,000 is a one-time investment, the corresponding $350,000 per year is generated in perpetuity.
Next, consider that better faculty generate intellectual property, grants funding and support for local industry. They also recruit more students, who swell enrollments, another immediate impact. But those students provide a continually growing resource for infrastructure, leadership, and entrepreneurship, in the pivotal fields of technology, education, medicine, business, culture and tourism.
Now modify the model for our schools. First, three-fourths of the invested 80 percent (60 percent of the total) might supplement salaries for all teachers. The other one-quarter (20 percent) is leveraged against donations. With sliding scales based on the school lunch program, donors would give 30 to 60 percent matches for naming rights of a K-12 chair. These matches produce endowments of $200,000-250,000, augmenting superior teachers' salaries $10,000 to 12,000 a year. Private schools could also be eligible for this chair match program. The matches and multipliers here are smaller; it might take five to 10 years for yields to exceed investments. But thereafter, the funds generate ever-increasing returns into the economy, far above what they take in.
With growth in perpetuity.
But the benefits precede salary increases: the very best teachers across the U.S. know that they could enjoy ever-increasing salaries in Lafayette, even more so if they merit a chair.
Better schools will help us recruit better employees and industries, further growing our economy, producing even more taxes for government and schools. This plan will also increase our funding under the Minimum Foundation Program, further enhancing Lafayette.
The feds converge on your office, seizing records on several employees as part of a pay-for-plea investigation. WWYD? If you’re Mike Harson, you give yourself a $12k raise.
It’s football season and after back-to-back winless weekends for the Saints and the Cajuns many citizens are finding it difficult to be civil much less happy. Well, chew on this.
Considering his repeated stays in the local penal system, David Narcisse Jr. should have known that having a semiautomatic shotgun, even one given to him by a friend, wasn’t the brightest of ideas.
A state district judge on Tuesday threw out a last-minute retirement hike lawmakers gave to the state police superintendent, ending a political firestorm over a pension boost passed without public scrutiny on the last day of the legislative session.
The House has passed a bill to increase oversight of veterans' hospitals under construction, following a report that some medical centers take three years longer to complete than estimated and cost an extra $366 million per project.
Wednesday's Blogs from the Bog!
Ads promote moderation; Obama says Ebola security threat; Peterson on exempt list and more national and international news for Wednesday, September 17, 2014.
An obvious follow-up question for any Republican politician who accuses Democrats of being science deniers is one about science, to which Jindal bobbed and weaved like a welterweight champ.
The Lafayette City-Parish Council is expected to decide tonight (Tuesday) whether to go along with a proposal City-Parish President Joey Durel made in February’s State of the Parish Address and consolidate taxes for mosquito control and the parish health units into a broader tax program that would also cover animal control.
U.S. District Judge Richard Haik has dismissed Greg Davis’ lawsuit against the LPSB, yet in his ruling, the federal judge doesn’t bite his tongue in pointing out the "threat" being posed by certain board members.
Of all the political offices being contested throughout Lafayette Parish, the race for Broussard’s top police post has literally become one of the most heated.
A state district judge is deciding whether to issue an injunction against the enforcement of a last-minute retirement hike that lawmakers gave to the state police superintendent.
A new website is up for Louisiana's state government employees and retirees to choose their health insurance plans for next year, a choice they must make by October.
That fact that New Orleans led both games in the final 10 seconds of regulation, and lost each by a field goal or less, is of little solace.
The superintendent will make another go at getting a budget passed for the already commenced fiscal year as the LPSB is slated to meet tonight on the eve of the state’s budget adoption deadline.
A person familiar with the situation says New Orleans Saints running back Mark Ingram has a broken hand.
It seeks an investigation into a $100,000 fund transfer from Vitter's federal campaign account to an independent PAC supporting Vitter's 2015 candidacy for governor.
Landrieu has acknowledged that she improperly billed her Senate office for nearly $43,000 in charter costs that should have been paid from her campaign account.
House District 45 Rep. Joel Robideaux is term-limited and running for city-parish president next year, leaving his seat up for grabs come 2015 and at least three likely contenders so far, including ...
When the Browns explained their plans to Brian Hoyer about bringing rookie Johnny Manziel into the game, Cleveland's starting quarterback bit his lip and devised one of his own.
National debate over solitary confinement puts spotlight on Angola inmate’s 35 years in ‘the hole’
If you didn’t know Alison, Sheriff Mike Neustrom’s 42-year-old daughter who died Wednesday after battling cancer for a year, you missed out on something really special.
Asserting that the LPSB's taxpayer-funded report on the results of the superintendent investigation is a public record, TDA's executive editor takes the gloves off.
Tyson Dupuis accumulated three OWI arrests in less than 10 years, with his most recent resulting in the death of an 18-year-old Crowley woman in 2011, yet his punishment would only amount to a year in prison.
Hugh Freeze has firsthand knowledge of the Sun Belt Conference, having coached at Arkansas State in 2011 before moving on to Mississippi.