States and school districts are facing unprecedented financial pressure due to the continued poor performance of the United States's economy. Dramatic shortfalls in funding due to reduced tax collections were held off for 2 years thanks to federal stimulus funds, but with these revenues already consumed and little likelihood of more in the near…

This article considers the role of higher education in state budgets. It empirically models and tests the balance wheel hypothesis in a robust framework. The balance wheel model posits that in good economic times, higher education is an attractive area for states to fund and tends to be funded at a higher rate than other state budget categories.…

The focus of the study was to examine the impact of the recession on (1) community college funding, (2) community college student support services, and (3) on student enrollment. This study relied on data from document analysis and interview of community college personnel and students. The current crisis has resulted in a steep budget reduction to…

When California approved its budget last month, the community-college system managed to escape the sharp budget cuts that befell most other agencies. But the state's fiscal troubles have nonetheless created a cash crisis for two-year colleges. As part of its plan to close a $41-billion budget deficit, California will delay providing $540-million…

The current economic crisis has naturally reached into one's pocket and made many people anxious about their own finances. As consumers ride out these treacherous times, where can they go to find advice on managing and paying down their debt, protecting their investments, incomes, and retirement plans, and applying for mortgages in a tight credit…

As Congress began debate last week over the size and scope of more than $120 billion in proposed emergency education aid, state leaders were anxiously awaiting the details so they could make specific plans to spend the economic-stimulus money. Governors, state legislators, and state schools chiefs have yet to learn what rules Congress will attach…

Discusses recent budget cuts at the National Institute of Education and their ramifications. (PG)

New York University is in deep financial trouble as are other higher education institutions in the country. This was evident in 1969 when federal funds were cut, operating expenses were inflated, and student enrollment declined. In February of 1972 the president of the University appointed a task force to study the problems and alternatives of the…

Literature seldom alludes to the topic of appropriate expenditures for guidance services. A study was conducted of 404 of the 405 Ohio public school districts that participated in the National Defense Education Act (NDEA) of 1958, Title V-A program for reimbursement for guidance and counseling during the 1965-1966 academic year. Data was available…

An historical profile of the New York Public Library helps explain its budgeting problems. Extensive fund raising in 1972 enabled the five research libraries to remain open to the public, but sustained federal funding will soon be necessary. (DH)

When the Carter Administration's budget figures first appeared in December, higher education suffered a billion-dollar cut in student aid funds. Although basic and supplemental grant allowances were later increased, other higher education programs--including college libraries, campus facilities, and nurses' training--were cut heavily. (JMD)

The 1970's have seen a significant slowing in the rate of growth of enrollment and a relative drop in the priority accorded to university education by provincial governments and to university research by the federal government. Institutional responses in Canada are described. (LBH)

Discusses common pitfalls of child care center financial management and offers strategies for avoiding financial trouble. Six rules of financial management include collecting all fees from families in a timely manner, not basing the center's budget on capacity enrollment, meeting all reporting deadlines for reimbursements, and raising funds beyond…

Focus is on the $30.6 billion portion of the federal budget for fiscal year 1980 that is allotted to research and development. Budgets discussed include those of colleges and universities, the National Institute of Health, National Science Foundation, Defense Department, Agriculture Department, National Aeronautics and Space Administration, and…