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This study concludes that despite recent economic gains, all 50 states face potential budget deficits by the year 2013.
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States will face continuing difficulties in financing current services within the constraints of existing revenue structures, and will not have the resources to support real increases in spending. |
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If states solve current deficits through the extensive use of one-time revenue enhancements or spending reductions, then they will have to address continuing cyclical budget shortfalls in addition to these longer-term deficits. |
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For most states, it is difficult to see a future for higher education that recreates the prosperity of the late 1990s. Colleges and universities—and the students who enroll in them—are more likely to face continued financial strain. |
Dennis Jones is president of the National Center for Higher Education Management Systems.
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