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- Creators: Donaldson, Walter, 1893-1947
- Creators: Whiting, Richard A., 1891-1938
- Creators: Hammerstein, Oscar, II, 1895-1960
- Creators: Meyer, George W., 1884-1959
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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.