This annual address by the Chancellor of the Los Angeles Community College District (LACCD) focuses on the financial crisis affecting the district and on the district's innovative activities and programs. Opening remarks review the recent actions of the governor and legislature which resulted in the maintenance of the community colleges'…

Forty private colleges that experienced rapid revenue decline from 1973 to 1976 were assessed in relation to factors accounting for recovery from financial decline. One subset of the 40 colleges showed dramatic recovery in total revenues during 1976 to 1979; the other continued to decline. These groups are compared, using data from the Higher…