July 21, 2006
Spending on Colleges Is Cut in New Jersey and Increased in Massachusetts
After months of wrangling with their legislatures, the governors of Massachusetts and New Jersey have signed off on budgets for the 2007 fiscal year that had vastly different results for higher education.
In Massachusetts, Gov. Mitt Romney, a Republican, and state lawmakers had good news for colleges, raising spending on higher education by $64-million, or 7 percent over the allocation for the 2006 fiscal year.
The news was not so good for colleges in New Jersey. Over all, the
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