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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 Commission

December 1998

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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.

The report documents the State economy's recent better-than-expected performance. It shows that California public education has, thereby, benefited substantially, with new funding helping reverse the impacts of recession-induced cuts suffered during the early 1990s. However, the report notes that, even with a booming economy producing billions more in annual tax revenues than was anticipated, few of these resources have gone to update California's aging infrastructure. State roadways, school facilities, water transportation system, and other public structures continue to age and will need eventual repair or replacement. A substantial investment in these facilities now would lessen future costs.


Related Topics: Budgeting and Financing of Higher Education
 

Further information may be obtained from the Commission's Research Staff
(916) 445-1000 or via e-mail at Research_Staff@cpec.ca.gov.

A copy of any publication may be requested from the Commission's Publications Unit
(916) 445-1000 or via e-mail at Publication_Request@cpec.ca.gov.

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