It isn't a lack of taxes, it is that Medicaid (a federally mandated program) is out of control and is absolutely destroying state education budgets.
"Governments’ general support for higher education 25 years ago was nearly 50 percent greater than state spending on Medicaid. That relationship has now flipped: Medicaid spending is about 50 percent greater than support for higher education. If higher education’s share of state budgets had remained constant instead of being crowded out by rising Medicaid costs, it would be getting some $30 billion more than it receives today, or more than $2,000 per student."
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It isn't a lack of taxes, it is that Medicaid (a federally mandated program) is out of control and is absolutely destroying state education budgets.
"Governments’ general support for higher education 25 years ago was nearly 50 percent greater than state spending on Medicaid. That relationship has now flipped: Medicaid spending is about 50 percent greater than support for higher education. If higher education’s share of state budgets had remained constant instead of being crowded out by rising Medicaid costs, it would be getting some $30 billion more than it receives today, or more than $2,000 per student."
http://www.nytimes.com/2010/09/19/opinion/19orszag.html?_r=1