Weekly Market Update

STATE FUNDING FOR HIGHER EDUCATION IMPROVES

Thursday, January 24, 2019

State spending on higher education for fiscal year 2018-19 grew almost 4% over 2017-18, according to the Grapevine survey released on Monday. The survey, compiled by the Center for the Study of Education Policy at Illinois State University and the State Higher Education Executive Officers, found wide variations in states' support for their colleges during the current fiscal year. Half of all states reported increased higher education spending of more than 3%, with Colorado showing the largest gain at 12%. Eighteen other states had spending increases of less than 3%, and five states reported spending decreases, led by South Carolina with a drop of 3.7%. A handful of large states accounted for most of the nationwide increase, with California, Colorado, Florida, Georgia, Illinois, New York, North Carolina, Virginia, and Washington accounting for nearly 70%.

In Other News