CONCLUSION


This study concludes that despite recent economic gains, all 50 states face potential budget deficits by the year 2013.

States will face continuing difficulties in financing current services within the constraints of existing revenue structures, and will not have the resources to support real increases in spending.
If states solve current deficits through the extensive use of one-time revenue enhancements or spending reductions, then they will have to address continuing cyclical budget shortfalls in addition to these longer-term deficits.
For most states, it is difficult to see a future for higher education that recreates the prosperity of the late 1990s. Colleges and universities—and the students who enroll in them—are more likely to face continued financial strain.

Dennis Jones is president of the National Center for Higher Education Management Systems.


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