"That increases costs, increases greenhouse gas emissions and also has the potential for crashes and spills," Ms. Forrest said.
Roughly $100 million is to cover rising food costs, increases in charter school enrollment and tuition for special education students mandated to attend private schools.
College costs will still rise, and "public generosity," he warned, may not "keep pace with rising college costs, increases in demand, or both".
"Increasing fixed costs increases pressure on the cost base and offers a limited cushion in the form of variable cost to absorb the impact of revenue downturns," he wrote in a note to investors.
College costs are largely driven by increases in the number of faculty and staff, increases in salaries, increases in facility costs, energy costs, equipment costs and health care costs, increases in institutional financial aid financing and decreases in federal and state financing.
How about "Cutting costs increases profits" for your next cover?
