Wednesday, September 4, 2013

College Construction Spending in Accordance to the Rise and Fall of the Economy

According to the The Chronicle of Higher Education, research presented at the Association for the Study of Higher Education has shown that state expenditures on college construction for higher-education does not coincide with the rise or fall of the economy.  The study has also shown that college construction spending tended to rise in the best and worst of times, while tending to fall when the budget for state spending was fairly stable.  According to James C. Palmer, who oversees an annual survey of state higher-education spending and is a professor of higher-education at Illinois State University, says "The new study shows the planning of capital projects is a different beast than the planning of annual budget cycles that the states go through."


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