I read this Sunday's New York Times, which had a big article on the funding crisis of public universities - the Times went into detail about the school system, CUNY, but stated that similar problems are occurring at many other public universities across the country (United States.)
The Times writes of the horror stories such as overcrowded classes, lack of lab equipment to teach science classes, chronically leaky ceilings, bathrooms with no toilet paper, faculty who haven't gotten raises in six years now, and other stuff. At CUNY, the Times writes that the morale is extremely low, and, in the fall semester, the faculty have vowed to walk out, if the contract disputes are not resolved.
Meanwhile, the administrative leadership at these public universities have gotten significant raises and big bonuses for their work.
So, my question is: should I be worried as a math PhD applicant, who might possibly apply to some public universities, e.g., CUNY Graduate Center? (CUNY is a "Top 50" math department, according to the U.S. News and World Report.)
Should I avoid applying to public universities to do a math PhD and instead try to attend a privately funded school?
Are the STEM fields perhaps better protected from this funding crisis, and that it is the humanities fields that are the most adversely affected? (The example of lack of lab equipment probably shows that STEM subject areas are not doing any better...)