As classes resume at college campuses, for many, it’s an uneasy time. States across the country are desperately searching their proverbial couch cushions for spare cash — anything to keep their education budgets intact — and they’re coming up short.
In California, the state funded colleges and universities have been hit particularly hard. The state had to cut $1.3 billion for the academic year now upon us.
But on many campuses, spending on intercollegiate athletics is actually growing, even though most sports programs run up millions of dollars a year in annual deficits. That means that while public universities are cutting in classrooms, your tuition dollars — and maybe even your tax dollars — are subsidizing big-time college sports. Here’s Need to Know correspondent Rick Karr, with a report originally broadcast in March.