For colleges in some states, financial relief is far off — from The Chronicle by Goldie Blumenstyk
Even when the economy begins to recover and employment picks up, public colleges shouldn’t expect much immediate relief from their states, warns a report this month from Moody’s Investors Service. Some states will very likely recover much more slowly than others. In more than half of the states, recovery is not projected to kick in until at least 2013, 2014, or later. And even then, the report notes, states will still face pressures for spending on public-employee pensions, health care, primary education, and other services.