The State Higher Education Finance (SHEF) report is produced annually by the State Higher Education Executive Officers Association (SHEEO) to broaden understanding of the context and consequences of public policy decisions in each state that contribute to public higher education funding levels and funding distributions across states and nationally. The SHEF report supplies important context and trend analysis to help inform state postsecondary finance policy decisions. SHEF provides the earliest possible review of state and local support, tuition revenue, and enrollment trends for the most recently completed fiscal year. This year's report focuses on fiscal year 2022, which for most states ran from July 1, 2021, through June 30, 2022. [For the related report, "SHEF: State Higher Education Finance. State Effort and Capacity to Fund Higher Education, FY 2020 and 2021," see ED631023. For "SHEF: State Higher Education Finance, FY 2021," see ED623743.]