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- The Economic Contributions of the University System: A Report From the Office of the University Economist
The state government general fund shortfall in the current fiscal year is projected to be between about $550 million and $1 billion. This shortfall will need to be eliminated through spending cuts and/or revenue enhancements. The Legislature has demonstrated a preference for spending cuts. However demand does not decline during a recession for most public-sector services, including university services. Any reduction in funding for universities will have a negative and direct effect. A reduction in state government spending for universities of around $200 million would cause direct and indirect job losses of approximately 4,000. A substantial decrease in state government funding for universities will have negative consequences beyond these short-term effects.
- Hill, John K. (Author)
- Hoffman, Dennis L. (Author)
- Rex, Tom R. (Author)
- W.P. Carey School of Business (Issuing body)
- Identifier TypeArizona Documents Classification System (AZDOCS)Identifier ValueASU 8.2:C 55/2008 Online
- dateOctober 2008
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Summary of the effects of a reduction in university funding and the delay of the construction stimulus program -- Short-term effects of a reduction in university funding of $200 million -- Short-term effects of delaying the construction stimulus program -- Long-term effects of a funding reduction for universities.
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Hill, Kent, Dennis Hoffman, Tom Rex. The Economic Contributions of the University System: A Report from the Office of the University Economist (Tempe, Arizona: Arizona State University, 2008)
Statement of Responsibility
Research Professor, Department of Economics; and Principal Research Economist, L. William Seidman Research Institute
Dennis Hoffman, Ph.D.
Professor, Department of Economics; Director, L. William Seidman Research Institute;
and Director, Office of the University Economist
Tom Rex, M.B.A.
Associate Director, Center for Competitiveness and Prosperity Research; and Manager of Research Initiatives, Office of the University Economist
Center for Competitiveness and Prosperity Research
L. William Seidman Research Institute
W. P. Carey School of Business, Arizona State University