By Bob Katzen
Bill (H 1617)-Also included at the May 9 hearing is a bill that would impose a 2.5 percent tax on any private college that has an endowment fund of more than $1 billion. The funds would go into a newly-created Educational Opportunity for All Trust Fund that would be used exclusively for the purposes of subsidizing the cost of higher education, early education and child care for lower-income and middle-class residents of the Bay State.