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College funding bill up in air

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By JORDAN BLLUM, Advocate Capitol News Bureau

Questions remain regarding whether colleges will receive their funding based on the state’s new “performance-based” formula or the state budget as approved by the Legislature, the governor’s executive counsel said Thursday.

The differences in the funding distributions between the formula and the budget bill represent swings of as much as $2.66 million for schools like Southern University.

The Louisiana Board of Regents on Thursday formally adopted its “performance-based” funding formula. It bases 25 percent of state dollars allotted to individual campuses on performance measures, such as the number of annual graduates. Regents said they were well aware that the campus distributions differed significantly from what legislators decided in House Bill 1.

The next fiscal year begins July 1.

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Written by demon53

June 28, 2010 at 5:28 pm

Posted in Uncategorized

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