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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
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Springfield Technical Community College 7514-0100

funding levels adjusted for inflation (CPI)

  • Funding History
  • Proposals
Adjusted for inflation (CPI) NOT adjusted
FY25 Gov $32,891,659 $32,891,659
FY24 $29,323,513 $29,582,742
FY23 $30,406,411 $28,870,782
FY22 $30,782,011 $28,056,097
FY21 $32,489,016 $27,632,453
FY20 $31,924,792 $26,544,959
FY19 $31,145,694 $25,494,221
FY18 $30,980,741 $24,844,143
FY17 $31,054,173 $24,357,023
FY16 $30,845,854 $23,751,750
FY15 $29,904,953 $22,875,254
FY14 $29,152,009 $22,140,880
FY13 $26,931,436 $20,140,976
FY12 $27,695,134 $20,368,819
FY11 $30,770,252 $21,984,805
FY10 $33,975,946 $23,803,025
FY09 $33,124,822 $22,980,552
FY08 $34,282,794 $23,455,413
FY07 $32,820,490 $21,651,722
FY06 $30,981,001 $19,920,495
FY05 $28,609,659 $17,726,118
FY04 $29,600,110 $17,804,833
FY03 $35,094,893 $20,654,416
FY02 $37,701,349 $21,710,123
FY01 $36,686,748 $20,758,292

comparisons adjusted for inflation (CPI)

  • See Changes in Funding
Between and
Funding for Springfield Technical Community College
14.5%

comparisons adjusted for inflation (CPI)

Notes

  • In FY20, the budget uses $2.9 million that in the past would have been available for State University Incentive Grants (7066-1400) and shifts it to the individual state universites. The budget also take funding that in the past supported centralized funding for community colleges (7100-4000) and distributes it to the individual campuses.
  • In order to make the most accurate year-to-year comparisons, consider both campus appropriations and funding for the campuses included in collective bargaining reserves.
  • From FY01-FY11, with only a few exceptions, higher education campuses did not retain tuition collected from any of their students; instead, these funds were remitted back to the state treasury. Starting in FY12, all public higher education campuses were allowed to retain out-of-state tuition payments, remitting only in-state tuition. In order to allow for more accurate comparisons of net state appropriations across years, MassBudget deducts the amount of tuition remitted back to the state for each campus for each year.
Adjusted for inflation (CPI) NOT adjusted
FY25 Gov $32,891,659 $32,891,659

Notes

  • In FY20, the budget uses $2.9 million that in the past would have been available for State University Incentive Grants (7066-1400) and shifts it to the individual state universites. The budget also take funding that in the past supported centralized funding for community colleges (7100-4000) and distributes it to the individual campuses.
  • In order to make the most accurate year-to-year comparisons, consider both campus appropriations and funding for the campuses included in collective bargaining reserves.
  • From FY01-FY11, with only a few exceptions, higher education campuses did not retain tuition collected from any of their students; instead, these funds were remitted back to the state treasury. Starting in FY12, all public higher education campuses were allowed to retain out-of-state tuition payments, remitting only in-state tuition. In order to allow for more accurate comparisons of net state appropriations across years, MassBudget deducts the amount of tuition remitted back to the state for each campus for each year.
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