In their State of the State addresses, governors have signaled that higher education will be a priority in the next fiscal year. So far, their budget proposals back that up. Two years into the pandemic, state revenues have for the most part made strong recoveries, easing fears that COVID-19 could plunge the public higher education sector into a cycle of budget cuts akin to those prompted by the 2008 recession. Federal assistance from the three stimulus packages buoyed college and university funding even as states slashed higher education budgets—cuts they later reversed. As governors and state legislatures work out their budgets for the fiscal year that begins in July, experts agree: states are flush and higher education will likely reap the benefits.
https://www.insidehighered.com/news/2022/02/04/public-higher-ed-could-see-windfall-fiscal-2023
