By Dave Williams
Atlanta Business Chronicle
November 29, 2010
Georgia House Speaker David Ralston vowed Monday to preserve the HOPE Scholarship program despite a growing shortfall that threatens to undermine its financial viability.
The House and Senate Higher Education committees have been looking since last summer for ways to head off a projected $243 million deficit in the HOPE program during the current fiscal year, a figure expected to increase to $317 million in fiscal 2012.
The red ink stems from growing enrollment in Georgia’s public colleges and universities and recent tuition increases that are outstripping the lottery revenues that pay for the program.
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