Monday, March 09, 2015 Lieu of Funding

State Senate Votes To Fund Kentucky Universities Based On Performance

This from WKMS:
The state Senate recently approved a bill that would tie higher education funding to Kentucky universities’ ability to produce more and better graduates.

Critics of the present funding model say that schools are funded with an outdated system that doesn’t account for adjustments in enrollment numbers and graduation rates.

“The university system has to be responsive and we can’t keep graduating people, young men and women, that can’t be employed,” said Senate President Robert Stivers during a debate on Wednesday.
The resolution provides rough guidelines for the Kentucky Council on Postsecondary Education to establish a pool of money independent of university’s base funds—schools would then compete over a share of that money using a criteria that includes graduation rates, post-graduation earnings and recruiting minority students.

The Senate resolution passed the Senate 20-12, with most Republicans voting in favor and most Democrats voting against.

Sen. Gerald Neal, a Democrat from Lousiville, opposed the bill. He said it would take away funds from poor-performing universities, which need the money more.

“So you don’t want to put them in the same pool where one can draw from the other to the other’s detriment,” Neal said. “That is not what we’re about in Kentucky.”

Neal  said that poor-performing universities wouldn’t have enough time to adjust to new standards. He unsuccessfully fought to delay implementation of a new funding model by having it phase in after a two-year budget cycle.

In May, the Center on Budget and Policy Priorities reported that state funding for higher education has declined by 25.4 percent since 2008.

Last fall, the Courier-Journal reported that the presidents of University of Louisville and University of Kentucky opposed performance funding model unless the General Assembly directed more funding to higher education.

Budgetary decisions won’t be made until the next legislative session, which begins in January 2016.

1 comment:

Anonymous said...

"We can't keep graduating people...that can't get employed," What the heck? How about we can't keep producing graduates when our state leadership can facilitate job creation.

We already did this minority grad rate thing and it seemed to fall off the radar screen when the state started reducing its funding of the universities for financial reasons instead of these qualifiers. So where is the "pool of money" going to come from and how long does anyone think that funding source will exist before it is plundered by our leaders.