This report is an annual compilation of state higher education appropriations summarized and placed in a historical context with analysis of short-term and long-term trends. The data were first reported monthly in "The Grapevine," a publication of the Center for Higher Education at Illinois State University. The first section offers an overview and the central analysis. This covers a look at the last three decades, a retrospective of Fiscal Year 1993, current trends in 2-year gains, a look at 10 "Metgastates," regional analysis, revenue variations, and sector variations. A conclusion to this section highlights the precipitous and negative change in state funding for higher education in fiscal years '92 and '93 after several decades of increases. In contrast, support for student financial aid was strong and recent tax increases and other events may signal a return to increased support. National tables and comparative measures in three tables show percentages of 2-year gains for all states, state appropriations for the most recent 3 years, and state tax appropriations per capita and per $1,000 of personal income along with national rankings. A final section offers state-by-state appropriations for higher education from tax revenues for individual institutions for 1991-92 and 1992-93. (Contains 25 references.) (JB)