The purpose of this study is to examine the impact of the State of Florida budget reductions for the State University System and the implications for students and faculty members. As the economy continues to decline, there is the increasing concern of how budget reductions will affect higher education not only in Florida but also in educational systems around the country. In order to provide quality education, states require adequate revenue and resources to ensure that secondary and postsecondary institutions are providing the best education possible for students. This research examines the budgets that universities within the State University System received from Fiscal Year 2001 through Fiscal Year 2010 and compares the changes in funding for those universities. The research compares changes in the number of admissions, degrees awarded, course sections offered, faculty changes, and financial assistance awarded during the 10 years reviewed.