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Document Number: 8047

State Budget Shortfalls: Postsecondary Education Impacts PDF - Prior to the passage of the American Recovery and Reinvestment Act of 2009 (ARRA), states faced budgetary shortfalls that forced cuts to postsecondary budgets. Since the passage of ARRA, state agencies and postsecondary education staff are relieved that many postsecondary budget cuts can be restored. However, caution should be used when spending State Fiscal Stabilization Funds on programs or positions that require recurring funds. If states are not careful and thoughtful about how stabilization money is spent, they will face similar financial issues in two years. (Kristen Maloney, Education Commission of the States, May 2009)...
Author: Kristen Maloney
Publication: StateNote
Publisher: Education Commission of the States

Related Issues

Postsecondary Finance

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