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University Presidents to Pitch New Funding Model
Kentucky’s public university presidents are putting the finishing touches on a higher education funding model. They’ll meet in Frankfort Wednesday to refine a plan that they’ll present to the governor and state legislators. A major part of the proposal is a performance funding model. It would base a part of each school’s state funding on how well it turns out graduates over a three-year period.
WKU President Gary Ransdell says the school leaders know it’s important to get their ideas in front of the decision-makers before work begins on writing the state’s next two-year budget…
“We have to get something in front of them well before they come together, because once the General Assembly gets going they’re dealing with pension reform, tax reform, Medicaid and Medicare—just lots of things that are expensive and challenging,” said Ransdell.
Dr. Ransdell says the presidents want the higher education funding priorities set in lawmakers’ minds before they convene the next legislative session.