Report 98-3: Fiscal Profiles, 1998: The Eighth in a Series of Factbooks About the Financing of California Higher Education
Published by The California Postsecondary Education CommissionDecember 1998View Full Publication
This report contains and analyzes statistical information about the financing of California postsecondary education from the 1965-66 fiscal year through 1998-99 year. In addition, there is information on California public elementary and secondary education financing as well as State government in general. The Commission compiles, disseminates and analyzes this information to provide policy makers with comprehensive and comparable financial data that can be used in comparative analysis of higher education finance issues. This document also provides an efficient and accurate response to the many questions that the Commission receives each year. The eighth in a series, this report retains the prior-year formatting but has added two statistical displays: (1) a new Display 16 provides expanded information on levels of instruction-related revenues for California's postsecondary education systems; and (2) a new Display 84 which calculates California "Per-Capita" personal income and shows its change over time. Several other displays and explanatory footnotes have been revised to provide more up-to-date information on California postsecondary education finance. Among major highlights, the report shows that the 1998-99 State Budget:
- Provides a near $1-billion increase in combined State and Local funds to the California Community Colleges, the California State University, and the University of California;
- Includes $55 million to reduce resident undergraduate systemwide student fees at the three public higher education systems, and to fund enrollment growth of more than 36,000 new students;
- Increases funds for financial aid programs by $57 million for California postsecondary students, including a new grant program, the Cal Grant T Program, designed to increase the number of K-12 teachers; and
- Boosts public K-12 education funding by $2.5 billion over last year.
Related Topics: Budgeting and Financing of Higher Education
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(916) 445-1000 or via e-mail at Research_Staff@cpec.ca.gov.
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