An interesting article at Inside Higher Ed today about state spending on higher education. Money:
States spent 3.7 percent more supporting higher education in fiscal year 2018-19 than in the previous year. The small rise continued a five-year trend of upward support that this year totals about $91.5 billion.
In the previous fiscal year, support for higher education grew just 1.6 percent, according to the Grapevine survey, an annual early survey of state indicators.
And while five states reported funding decreases between FY18 and FY19, that represents a small fraction of the 18 states that reported declines the previous year.
Here in Pennsylvania, we spent 1,756,295,000 in 2018, up from 1,713,363,000 in 2017 - and 1,644,692,000 in 2014. That represents a 2.5% increase in the past year, and a 6.5% increase over the last four years.
Not all states are headed in that direction:
In the five states that provided less funding -- Ohio, Alaska, Minnesota, Kentucky and South Carolina -- the drop ranged from 0.1 percent in Ohio and Alaska to 1.4 percent in Minnesota. In Kentucky, it dropped by 2.4 percent. South Carolina reported the largest one-year drop of all states at 3.7 percent.
At least we are headed in the right direction in Pennsylvania...
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Higher Education,
HigherEd