Monday, January 24, 2011

Higher Ed Spending: the next cut is the deepest

The Chronicle is on top of it and the news is not good.  Colleges and universities blocked the hatchet last year by using the federal stimulus shield - a $40 billion shield that gets taken away this year.  Even with the stimulus, higher ed still took a small hit in funding.

But the cuts are going to get deep this year.  In Colorado, 26% of the total state higher ed appropriations came from the stimulus and that money is gone.  Stimulus money made up 10% of the state appropriations for higher education dollars in Louisiana, Montana and Nevada. 

With huge budget shortfalls hitting the legislature this, higher ed is going to get some really deep cuts this year.

UPDATE:  Bob Williams blog has the latest state budget shortfall list!  - thanks Bob