Data from the Survey on Higher Education Finances and Services were analyzed to determine whether higher education institutions (n=711) experienced operating budget cuts during the fiscal year (after the budget was initially approved) between fiscal years 1990 and 1993. While 17 percent had experienced such cuts during fiscal year 1990, this percentage rose to about one-third of all institutions during fiscal years 1991 through 1993. A greater proportion of public than private nonprofit institutions experienced budget cuts. The major reason for cuts given by public institutions was rescissions in state or local appropriations; for private institutions, the most frequently cited reason was tuition and fees shortfall. Increases in class size for introductory courses were reported by 29 percent of institutions; 19 percent reported increases in class size for advanced courses. Few institutions reported decreases in the number of courses or sections offered. The number of academic departments stayed the same at 77 percent of institutions; the number of academic programs stayed the same at 56 percent of institutions. Very few institutions reported decreases in their key student services since academic year 1989-90. Ten tables and two graphs display the survey data. (JDD)