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The recession has definitely left its mark on universities and community colleges. Funding is being slashed, educators' salaries are frozen, faculty workloads are increasing, supplies are in short demand, and fear and uncertainty abound.
The State Constitution of North Carolina requires a balanced budget each year (unlike our federal government). There is an estimated $3 billion shortfall this fiscal year. State employees are currently being required to "give back" to the state 0.5% of their salaries, to help make up for this fiduciary crisis. This is in exchange for a "furlough" of 10 hours, which most educators will never see.
The latest projected cuts to education in North Carolina (for the year 2010-2011) are most disconcerting - a projected decrease in funding for 2010-11 by $59.2 million. This translates to:
Some sources of financial aid to students have dried up, but others remain available (such as Stafford Loans).
In my college of nursing, we are restricted on photocopying, travel, and use of supplies. We are rationing paper and ink cartridges. Workloads have increased. Nursing classes have been doubled in size. Students are packed in classrooms like sardines. People are very worried that actual job cuts (to faculty and staff) are next.
I consider myself most fortunate to still have a job that I love in the midst of this terrible recession.
Our graduates are having difficulty finding employment. Only 40% of the latest group of graduates (May) have found nursing jobs. Many have placed applications at multiple facilities, including longterm care, with little success.
How is your school of nursing faring in these tough financial times?
states turning to last resorts in budget crisis
in hawaii, state employees are bracing for furloughs of three days a month over the next two years, the equivalent of a 14 percent pay cut. in idaho, lawmakers reduced aid to public schools for the first time in recent memory, forcing pay cuts for teachers.
and in california, where a $24 billion deficit for the coming fiscal year is the nation's worst, gov. [color=#004276]arnold schwarzenegger has proposed releasing thousands of prisoners early and closing more than 200 state parks....
in all, states will face a $121 billion budget gap in the coming fiscal year, according to a recent report by the national conference of state legislatures, compared with $102.4 billion for this fiscal year....
http://www.nytimes.com/2009/06/22/us/22states.html?_r=1&th&emc=th
state tax revenues at record low, rockefeller institute finds
the anemic economy decimated state tax collections during the first three months of the year, according to a [color=#004276]report released friday by the rockefeller institute of government. the drop in revenues was the steepest in the 46 years that quarterly data has been available.
the blow to state coffers, which the report said appeared to worsen in the second quarter of the year, reflects the gravity of the recession and suggests the extent to which many states will probably have to resort to more spending cuts or tax increases to balance their budgets.
over all, the report found that state tax collections dropped 11.7 percent in the first three months of 2009, compared with the same period last year. after adjusting for inflation, new changes in tax rates and other anomalies, the report found that tax revenues had declined in 47 of the 50 states in the quarter.
for more of this article, please go to:
http://www.nytimes.com/2009/07/18/us/18states.html?_r=1&th&emc=th
VickyRN, MSN, DNP, RN
49 Articles; 5,349 Posts
Thank you for your insightful comments, Robbi.