Birmingham-Southern College 'is vitally important to our economy,' write state Sens. Rodger Smitherman, a Democrat, and Jabo Waggoner, a Republican, in a joint opinion piece.
As long-serving members of the Alabama Legislature with more than 65 years of combined legislative experience, we know that public funds are appropriated every year for private entities, including schools. Providing bridge funding to Birmingham-Southern College willIn the last fiscal year alone, more than $60 million was appropriated from the Education Trust Fund for worthy private entities, including private schools.
Thus, our Legislature has been authorized to provide exactly the kind of state assistance BSC is seeking for more than 120 years.The good news is that Birmingham-Southern College isn’t asking for support from the public sector on an annual basis. Here’s the situation: To give BSC enough time to raise the remainder of the endowment and to give it breathing room to operate, the college has proposed a one-time contribution of bridge funding from state government of $30 million as well as $5 million from the City of Birmingham and $2.5 million from Jefferson County.
As officials in state government representing Jefferson County, we have each pledged our support for the request, which represents a mere fraction of BSC’s annual economic impact on Birmingham.
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