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.
- College Endowments Average -1.9 Percent Return in FY16, But Endowment Spending Continues to Rise
- Preparing for a Game-Changing Era
- Some Football Players at Private Institutions are Employees, NLRB Says
- WEBCAST: Planning Components of Civil Discourse
Wednesday, March 15, 2017 1:00PM ET
- WEBCAST: NACUBO Live! 2017 Student Financial Services Conference
- ON-DEMAND: Legislative Lunchcast: A 30-Minute Washington Update from NACUBO
- ON-DEMAND: Compliance Challenges for the New EPA Hazardous Waste Rule
- ON-DEMAND: The ROI of Student Success: Practical Considerations for Measuring and Conveying the Financial Value of Student Support Services
- ON-DEMAND: NACUBO Live! Student Financial Services Conference