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An assessment for fiscal year (FY) 2016 of the contribution of Arizona State University (ASU) to the Arizona economy, based on the economic impact of its employment and spending, its benefits as a provider of higher education, and its research.
This paper examines Arizona State University (ASU) graduates employed in Arizona. Approximately 207,000 ASU graduates were working in Arizona in 2012. The aggregate earnings of the ASU graduates were around $11.4 billion. These individuals contributed about $819 million in state taxes.
An assessment of the contribution of Arizona State University to the Arizona economy, based on the economic impact of its employment and spending, on its benefits as a provider of higher education, and on its research.
An assessment of the contribution of Arizona State University to the Arizona economy, based on its employment and spending and also on other benefits, particularly the productivity and earnings of its graduates.
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.
