ERIC Number: EJ815281
Record Type: Journal
Publication Date: 2008-Oct-3
Reference Count: N/A
As New York Goes, so Goes the Country?
Chronicle of Higher Education, v55 n6 pA5 Oct 2008
In this article, the author examines the financial crisis on Wall Street which resonates through higher education across the state, and beyond. The economic malaise is taking its toll in places like Rhode Island, where state budget cuts of 17 percent forced colleges to cut class offerings and leave more than 150 positions unfilled. Florida's colleges eliminated hundreds of staff and faculty positions and froze enrollments after a 6-percent cut in their state finances. Arizona's three public universities eliminated mostly administrative positions to respond to a nearly 5 percent cut in state funds. Wall Street's woes also threaten the efforts to diversify economies that universities seek to foster. Just this year a panel appointed by Eliot Spitzer, the former governor, recommended a $3-billion fund to attract cutting-edge research to the state. That measure will now face long odds in the Statehouse.
Descriptors: Educational Finance, Financial Problems, Budgets, State Colleges, State Universities, Research, Enrollment
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: email@example.com; Web site: http://chronicle.com/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A
Identifiers - Location: Arizona; Florida; New York; Rhode Island