Research Report Use of State General Revenue for Higher Education Declines
Thomas J. Kane, Peter Orszag
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The current economic downturn is putting heavy pressure on state budgets. The National Conference of State Legislatures estimated that as states were drawing up their fiscal year 2003 budgets, more than a quarter faced deficits exceeding 10 percent of their general fund budgets. In response, many are sharply reducing appropriations - including those for higher education.
Research Areas Taxes and budgets
Tags State and local tax issues Individual taxes Federal budget and economy