Public Universities to Get Budget Boost After Years of Cuts

Tuesday, 28 May 2013 02:08 PM

By Melanie Batley

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
State legislatures across the country are giving more money to higher education after years of cuts triggered by the economic crisis.

According to The Wall Street Journal, the new funding reflects an improved financial position for many states, 47 of which increased their coffers by an average of 4.5 percent through increased tax revenues, according to Census Bureau data.

"It's going to be a better year for higher education," said Julie Bell who oversees education issues at the National Association of State Legislatures, an organization that represents state lawmakers.

Editor's Note: Obama ‘Blunder’ Spawns Massive Profit Opportunity

The cuts to public-university budgets started with the 2008 financial crisis when cash-strapped states focused their resources on the most essential programs such as primary and secondary education, Medicaid and prisons. As state support fell, many schools were forced to increase their tuition, expand the size of classes, and put off maintenance.

But the turning point was last year when 32 states increased funding to public colleges and universities for the current academic year, up from 17 states the year before, the Journal reported.

Still, in many cases, increases were modest: one-third of states increased higher-education funding by less than 1 percent, and it's still unclear how many states will increase funding for the coming academic year as budgets are still not finalized.

"Historically, funding for higher ed tracks the economy," said James Palmer of the Center for the Study of Education Policy at Illinois State University. "As the economy gets better, state funding for higher education increases. That's been the pattern."


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Reports: George Clooney in Blowup With Steve Wynn Over Obama

Thursday, 24 Apr 2014 13:55 PM

Actor George Clooney and hotel mogul Steve Wynn had a blowup over dinner about President Barack Obama and Obamacare, acc . . .

BLM-Owned Nevada Land Could Contain All of New England

Thursday, 24 Apr 2014 13:41 PM

All of the New England states would fit in all of the land owned by the U.S. Bureau of Land Management (BLM), with some  . . .

Fla. Candidate Crist Courts Green Vote Without Mentioning Green Costs

Thursday, 24 Apr 2014 13:32 PM

Florida gubernatorial candidate Charlie Crist, a Democrat, has vowed to use his future authority as governor to impose r . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved