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Blumenstyk, Goldie – Chronicle of Higher Education, 1989
Massachusetts, Connecticut, and New York face giant deficits in their state budgets. The financial impact of the 1986 federal tax reform law was underestimated by colleges and income estimates were overly optimistic for 1988 and 1989. Unpopular, new taxes are seen as the way to solve the budget crunch. (MLW)
Descriptors: Budgets, Educational Finance, Financial Problems, Higher Education
