New formula for funding higher-ed discussed

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LOUISVILLE, Ky. (AP) — University presidents are meeting with Kentucky’s Council on Postsecondary Education to try to come up with a new formula for funding higher education.

Council President Robert King told The Courier-Journal (http://cjky.it/1mfD3r8) that he hopes the group can come up with a modern and equitable formula by the end of the year.

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He said the plan would be to have lawmakers consider the proposal in 2016, which is the next time they will consider a state budget.

King says details re still being worked out, but a new formula could factor in items such as enrollment, mission and academics.

The group plans to continue meeting over the next few months.

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Information from: The Courier-Journal, http://www.courier-journal.com

 

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