As reported in The Chronicle of Higher Education, many states are implementing budget cuts of 5% -15%.
http://chronicle.com/article/Further-State-Budget-Cuts-Loom/47448/
Clearly, the entire issue is a complex one. Tax revenue to the states and municipalities has decreased based on both lower realty tax revenue and income tax revenue as a result of economic contraction and the real estate meltdown of the last few years.
As The Chronicle points out today, “Colleges are trying to preserve student services as money gets tighter”. Yet education is as important as ever, given the competitive nature of globalization and the rapidly changing demands and demographics of society and the economy.
No Textbooks
There have been a number of initiatives announced over the last few years to de-emphasize the use and associated cost of text books. California’s recent state budget dramatically reduced state spending for text books. California state funding previously earmarked nearly $334 million this year solely for textbooks that can now be spent by school districts for other needs over the next four years, providing flexibility that educators say is essential at a time of severe budget reductions.
Click here for the full story: http://www.interactyx.com/blog/what-if-textbooks-disappeared
Jeffrey A. Roth
www.interactyx.com
You need to be a member of Education 2.0 to add comments!
Join this Ning Network