Fresh Round of State Budget Cuts Hits Higher Education

By Eric Kelderman

The current fiscal year for most states started at the beginning of July, but colleges and universities are already bracing for budget cuts as state revenue from sales, corporate, and income taxes continue to nosedive in the struggling economy.

In a report released late last week, the Center on Budget and Policy Priorities, a research organization in Washington, says that 21 states were expecting budget shortfalls totaling nearly $9-billion for the fiscal year that started