W.Va. Budget Crisis Affects Higher Ed
Ted Boettner, executive director of the West Virginia Center on Budget and Policy, explained some of the factors that led to Fiscal Year 2017's $558 million deficit (address through a mix of budget cuts and tax hikes).
Among them, $425 million in business tax cuts since 2007 have largely failed to produce the expected job growth. Also, after peaking in 2014 at more than $500 million, severance tax revenue from coal and gas has plunged $243 million.
Since 2012, he said, higher education has seen budget cuts totaling $55.3 million. Meanwhile, since 2001, tuition has skyrocketed from about $2,500 per year to nearly $8,000.