State Fiscal Support for Higher Education: Fiscal Year 2016-2017

Source: Center for the Study of Education Policy at Illinois State University and the State Higher Education Executive Officers, February 2017

From the press release:
This year’s Grapevine survey tentatively points to a modest national 3.4% increase in state support for higher education from fiscal year 2015-16 (FY16) to fiscal year 2016-17 (FY17), though an exact figure awaits a budget resolution in Illinois. There, legislators enacted only a partial FY17 budget that funded higher education through December 2016, and an agreement for augmenting those funds through the rest of the fiscal year has not yet been reached. This continues an ongoing budget impasse that left Illinois without a state budget in FY16, when funding for higher education was also limited to partial stopgap monies. In all, Illinois higher education funding remains sharply curtailed. Stopgap monies appropriated in FY16 amounted to only 17% of funding allocated in fiscal year 2014-15 (FY15), the last fiscal year for which Illinois enacted a full state budget. Stopgap monies allocated so far in FY17, although an increase over the partial funding amount appropriated in FY16, amount to only 29% of FY15 funding.

In the remaining 49 states, FY17 fiscal support for higher education represent an overall one-year increase of 2.7% from FY16: 39 states registered increases ranging from 0.2% to 10.5%, and 10 reported decreases ranging from 0.4% to 8.8%. The 2.7% increase for these 49 states is lower than the 4.1% increase registered from FY15 to FY16 in last year’s survey. Slumping energy prices appear to have taken a toll in at least some states, including Alaska, Louisiana, New Mexico, Oklahoma, and Wyoming—states with a high economic stake in the oil and gas sector and that reported the largest declines in higher education funding between FY16 and FY17.