New York pledges more higher ed funds, but deficits run deep

Image:  After a long period of funding cuts and stagnation, public higher education in New York state got an infusion of hope last year when Governor Kathy Hochul proposed a historic funding increase, allocating $8.5 billion—including $1.5 billion in new funding—to the State University of New York and City University of New York systems. In her latest budget proposal for fiscal year 2024, the Democratic governor pledged $7.5 billion, slightly less than FY2023. She has said that her...