Bridge Magazine: Report: Michigan cut 1/3 of higher education budget from 2008-2012
A report released Tuesday from the Center on Budget and Policy Priorities shows that Michigan cut a third of its higher education budget from 2008-2012, Bridge Magazine reports.
The report shows that Michigan's rate of cutting (adjusted for inflation) is the 13th highest in the country.
The national average was a 28 percent cut, Bridge reported.
A proposed budget that passed Tuesday morning in a state House higher education subcommittee includes a 2.2 percent increase in higher education funding. However, it could punish universities like the University of Michigan that enter into labor contracts "under certain circumstances" prior to right-to-work legislation taking effect on March, 28, 2013, and don't achieve a 10 percent cost savings, AnnArbor.com previously reported.
U-M has entered into tentative agreements with the the institution's lecturers and nurses, so it could cost the school $41 million.
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