Thursday, 02 May 2013 14:37
Senator blocks bill that would change higher education funding
JEFFERSON CITY, Mo. (AP) - A Missouri senator blocked a vote on a bill that would base some state funding for Missouri public universities on performance standards and career placement.
Republican Sen. Kurt Schaefer, of Columbia, blocked the Senate vote Thursday. He says the Legislature should spend more time studying the effects of the proposed higher education funding formula before voting. Lawmakers have until fiscal year 2015 to put the formula in place.
Under the legislation, 10 percent of state funding to universities would be tied to whether a school meets performance and career placement goals.
Currently, the state allots money to higher education institutions based largely upon how much colleges and universities received in the past and how much Missouri has available for the future.
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Wednesday, 24 April 2013 17:34
Senators endorse Missouri higher ed funding formula
JEFFERSON CITY, Mo. (AP) - Missouri senators have endorsed legislation creating a funding formula for public colleges and universities.
The bill would tie 10 percent of each school's state funding to meeting performance goals, and 10 percent to career placement.
The Coordinating Board for Higher Education would work with schools to develop their performance measures. The Department of Higher Education would develop rules for career placement rates of graduates.
The Senate gave the measure first-round approval Wednesday. It needs another affirmative vote to move to the House.
A state law requires development of a funding formula for higher education. Missouri's current approach allots money based largely on how much each school received previously and what is available for the future.
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