State Appropriations Rise Again in Fiscal 2007
December 19, 2006
State spending for higher education increased in almost all 50 states in fiscal 2007, according to an annual study conducted by the Center for the Study of Education Policy at Illinois State University. Total general-fund appropriations for the 2006-07 fiscal year rose by 7 percent from the previous year to $72.2 billion, continuing to rebound after the economic downturn earlier in the decade. Fourteen states experienced double-digit increases in their appropriations for higher education, the most since the study began tracking one-year fluctuations in such spending, in 1991.
Alabama had the highest increase in state spending—18.7 percent for the current fiscal year. Also at the top of the list, Virginia and Louisiana will benefit from appropriation increases of 16.4 percent and 14.3 percent, respectively. Only two states, New Jersey and Montana, cut spending rates for the year. State spending specifically in the Southeast region had the most dramatic growth, rising 10.5 percent over all.
- Senator Releases Survey Results on Sexual Assault
- ED Unveils 2014 College Cost Watch Lists
- Inflation-Adjusted Net Tuition Revenue at Private Institutions Flat
- ON-DEMAND: Call the Internal Consultants: Lessons from Business Practice Improvement
- ON-DEMAND: FASB's Proposed NFP Reporting Changes
- ON-DEMAND: VIRTUAL: Student Financial Services Conference
- ON-DEMAND: VIRTUAL: Higher Education Accounting Forum
- ON-DEMAND: VIRTUAL: Global Operations Support and Compliance Forum
- A Guide to College and University Budgeting: Foundations for Institutional Effectiveness, 4th ed. - by Larry Goldstein
- NACUBO's Guide to Unitizing Investment Pools - by Mary S. Wheeler
- Managing and Collecting Student Accounts and Loans - by David R. Glezerman and Dennis DeSantis