February 28, 2008

N.J. Plan Suggests That Colleges May Be Spared the Worst of Budget Cuts in Some States

By Jeffrey J. Selingo

With New Jersey facing a projected budget deficit upwards of $3.5-billion—one of the biggest shortfalls in the country in percentage terms—college leaders in the state have been bracing for the worst.

But when Gov. Jon S. Corzine released his spending plan for the 2008-9 budget year on Tuesday, the news wasn't as bad as some had feared. The bottom line for higher education over all: a $76-million, or 4-percent, cut.

The fact that the Democratic governor did

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