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UA System Losses Due to Virus
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the_blazerman Offline
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Post: #1
UA System Losses Due to Virus
04-29-2020 04:25 PM
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BandGrad Offline
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Post: #2
RE: UA System Losses Due to Virus
Will college athletics be deemed essential?
04-29-2020 06:04 PM
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biglizard Offline
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Post: #3
RE: UA System Losses Due to Virus
Based on this I think they fully intend on sports. Now how one defines essential vs nonessential depends on who you ask and if you’re the one getting cut. I think we’ve proven how important it is at both the Birmingham and Tuscaloosa campuses based on enrollment growth

https://www.al.com/education/2020/04/uni...ction.html
04-29-2020 06:30 PM
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the_blazerman Offline
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Post: #4
RE: UA System Losses Due to Virus
Fess has a pretty big issue here. He cannot cut UAB without cutting comparably UA.
UAB is the one making the most money (and thereby losing the most out of this).
04-29-2020 06:48 PM
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UAB Band Dad Offline
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Post: #5
RE: UA System Losses Due to Virus
Never underestimate that sumbitch's ability and willingness to backstab us.
04-30-2020 03:20 PM
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BAMANBLAZERFAN Offline
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Post: #6
RE: UA System Losses Due to Virus
How much the state's ETF will be affected by business shut downs, lay offs, job furloughs and staff reductions will be determined between now and Oct.1st, the beginning of the 2020-2021 fiscal year. Nearly all university sport program costs are covered by "charitable contributions", not SETF. The SETF is mainly supported by two taxes - the 4% state sales tax and the 5% state income tax. Both of these are heavily impacted by economic distress (like recessions) and tax credits, tax abatements and tax exemptions granted to big businesses and wealthy individuals by the state legislature. Because hundreds of millions have been diverted from the SETF by special interest serving state laws, the SETF is only today (2019-2020) back in the range it was in 2007-2008. This new recession caused by COVID-19 has not yet been measured in full. The state Revenue Department will give an annual report after Oct 1st 2020.
(This post was last modified: 04-30-2020 03:28 PM by BAMANBLAZERFAN.)
04-30-2020 03:26 PM
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blazers9911 Offline
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Post: #7
RE: UA System Losses Due to Virus
Can you tell us more? We all haven’t read this story anywhere before.
04-30-2020 04:23 PM
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BlazerDave Offline
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Post: #8
RE: UA System Losses Due to Virus
03-banghead
04-30-2020 05:33 PM
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LairDweller Offline
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Post: #9
RE: UA System Losses Due to Virus
(04-30-2020 03:26 PM)BAMANBLAZERFAN Wrote:  How much the state's ETF will be affected by business shut downs, lay offs, job furloughs and staff reductions will be determined between now and Oct.1st, the beginning of the 2020-2021 fiscal year. Nearly all university sport program costs are covered by "charitable contributions", not SETF. The SETF is mainly supported by two taxes - the 4% state sales tax and the 5% state income tax. Both of these are heavily impacted by economic distress (like recessions) and tax credits, tax abatements and tax exemptions granted to big businesses and wealthy individuals by the state legislature. Because hundreds of millions have been diverted from the SETF by special interest serving state laws, the SETF is only today (2019-2020) back in the range it was in 2007-2008. This new recession caused by COVID-19 has not yet been measured in full. The state Revenue Department will give an annual report after Oct 1st 2020.
That’s a lot of math for a guy that couldn’t figure out how old the class of 2028 & 2029 is now
04-30-2020 06:24 PM
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