ERIC Number: ED033653
Record Type: RIE
Publication Date: 1969-Nov
Reference Count: 0
Long-Range Planning--Finances. Higher Education.
Ward, Robert C.
This paper presents views on long-range financial planning for public and private higher education. Emphasis is placed on a mix of revenue sources for future support and on key budgetary considerations such as faculty and non-academic wages, the rising cost of graduate education, and the community and junior college movement. A triple crisis is seen in the current educational world: crises in educational opportunity, economics, and government, with the economic crisis accompanied by questions of management, accountability, and control. The escalation of higher education costs and the current crisis over control of the university seem to be eroding the solid public support --and increasing tax funds-- that could be depended on year after year. It is felt that states or regions will not be able to finance the expansion of higher education in the next 10 years from the growth of existing state tax revenues. The key question for higher education support is the mix of tax revenues, depending upon public, federal, and state attitudes toward supporting colleges and universities. The extension of financial planning time periods from the typical biennium to a 5-year or a 10-year comprehensive scheme is recommended. A discussion of the financial status of higher education is presented with a forecast of some directions that its support may take in the future. (WM)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Kentucky Univ., Lexington.
Note: Paper presented at Council for Business Officers Conference, Association of State Universities and Land-Grant Colleges, Chicago, Illinois, November 9-12, 1969