State Pension Costs Lead to Public College Cuts

"Ballooning state spending on pension funds is contributing to disinvestment in public colleges, according to a new report from the Manhattan Institute," Inside Higher Ed reports.
 
"'Over the past several years, total state expenditures have increased, on average, across the U.S., and pension expenditures (and liabilities) have increased the most -- by an average of 61 percent between 2008 and 2015,' the report said. 'But states decreased per-student higher education spending by an average of 22.4 percent over the same period. State funding for higher education is nearly $10 billion (adjusted for inflation) below what it was in 2008."
 
A 2015 study found that Medicaid obligations also are contributing to public higher education's money woes."
 
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Publication Date: 5/15/2017

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