state funding
February 17, 2016
February Revenue Forecast Reduces Projections for 2015-17 and 2017-19 Biennia
On Wednesday, the Economic and Revenue Forecast Council (ERFC) released its February revenue forecast, which reduced projected General Fund-State (GF-S) collections compared to the November revenue forecast (see our blog post here). The GF-S revenue forecast decreased by $67 million for the current 2015-17 biennium and by $442 million for the 2017-19 biennium. While the revision to the 2017-19…
January 25, 2016
New York expands student loan forgiveness program to include lower earners
New York state has recently instituted the “Get on Your Feet” loan forgiveness program in an effort to keep young college graduates living and working in the state. The program, originally introduced as a part of Governor Cuomo’s 2015 Opportunity Agenda, is designed to help struggling recent graduates in the state pay back their student…
December 21, 2015
Governor Inslee’s 2016 Supplemental Operating and Capital Budgets
Governor Jay Inslee released his supplemental operating and capital budget proposals on Thursday, both of which include technical corrections and minor appropriation changes to the current 2015-17 biennial budgets (fiscal years 2016 and 2017). This budget release marks the first step of the 2016 legislative session – set to begin on Monday, January 11, 2016….
November 20, 2015
November Revenue Forecast Predicts Moderate Growth
On Wednesday, the Economic and Revenue Forecast Council released its November revenue forecast, which projected a slight increase to General Fund-State (GF-S) collections over the September revenue forecast. The GF-S revenue forecast increased by $113 million for the current 2015-17 biennium and $30 million for the 2017-19 biennium. Final GF-S revenue collections for the 2013-15…
November 13, 2015
UC Plans to Expand Resident Undergraduate Enrollment
A recent story in the LA Times, “UC seeks to boost Californians’ enrollment by 10,000 by 2018,” outlined the University of California’s plan to expand resident undergraduate enrollment at their nine undergraduate campuses. Like many U.S. public universities that have faced significant state divestment during the recession, the UC system has enrolled more nonresident students…
November 5, 2015
Average National Undergraduate Loan Debt Continues To Rise
Undergraduates who graduated with student loan debt from four-year colleges in 2014 owed an average of $28,950, according to a recently released report by The Institute for College Access and Success (TICAS).[1][2] 69 percent of graduates have loan debt, the same figure as last year and slightly higher than it was in 2004 (65 percent). The average amount of…
July 6, 2015
2015-17 Final State Operating and Capital Budgets
Leadership in both House and Senate passed a compromise operating budget in the form of Engrossed Substitute Senate Bill 6052. All of higher education including financial aid would receive $3.5 billion of Near General Fund (NGF) for the biennium which is 9.2 percent of the overall NGF appropriation of $38.2 billion. The compromise budget adopts the…
June 22, 2015
Third House Committee Operating Budget Released Today
Leadership in the House Appropriations Committee released a third operating budget proposal today in the form of 2P2SHB 1106 and PSHB 2269. This proposal still differs from the Senate budget proposal SB 6050 and varies from the previous House operating budget P2SHB 1106. All of higher education (including financial aid) would receive nearly $3.348 billion…
June 2, 2015
Special Session 2015-17 House “Offer” Operating Budget Proposal
Leadership in the House Committee released a new Operating budget proposal in the form of P2SHB 1106 as a counter offer to the Senate budget released last week. This proposal still differs from the Senate budget and varies slightly from the engrossed House operating budget, ESHB 1106. All of higher education (including financial aid) would…
May 29, 2015
Special Session 2015-17 Senate Chair Operating Budget
Leadership in the Senate Ways and Means Committee released a new Operating budget proposal on May 28th 2015 in the form of Senate Bill 6050. This proposal makes significant changes to the engrossed Senate operating budget, ESSB 5077 and continues to differ from the engrossed House operating budget, ESHB 1106. Though the 2015 legislature is…
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