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Top 20 States With Biggest State Fiscal Support Decreases

Top 20 States With Biggest State Fiscal Support Decreases

2/19/2013

According to the Center for the Study of Education Policy at Illinois State University's Grapevine Survey, state appropriations for higher-education was down 10.8% over the past five years (FY 2008-09 to FY2012-13). Produced in cooperation with the State Higher Education Executive Officers (SHEEO), this survey includes general fund appropriations for universities, colleges, community colleges, and state higher education agencies.

Spending was reduced in 38 states, with 12 states cutting spending by over 20 percent. The Top 20 states with the biggest declines in State appropriations for Fiscal Years 2008 to 2013 is shown below:

The 2012-13 period, based on data compiled from September 2012 through January 14, 2013, showed only a 0.4% decrease in spending overall, as spending went up in 30 states. However, a Chronicle of Higher Education article about this data cautions "the long-term effects of budget cuts stemming from the economic downturn still could take years to erase."1

With the lack of State funding and limitations in raising tuition and fees, universities may find that privatized financing is the best alternative to fund their student community projects.

Fund your student housing project—at the lowest cost of capital.

Complete results of the Grapevine survey, including methodology

1"State Spending on Higher Education Rebounds in Most States After Years of Decline," The Chronicle of Higher Education, January 25, 2013.

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