Institutional Spending on the Rise: Increases in 41 States

The recent NASBO State Expenditure Report shows that due to the stronger economy, revenues have been increasing for state and federal entities. This has led to resurgence in funding for the institutions nationwide. Total state spending has climbed 4.7 percent for this fiscal year. Twenty two states have seen increases of at least 3 percent. This is a great time to make sure that you are in front of large institutions. Healthcare, government and education are all getting more funding and getting close to returning their pre-recession levels.

CategoryChange from FY12
Elementary/Secondary Education+4.2%
All Other+3.9%
Higher Education+2.6%
Public Assistance-2.0%

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