The December 2024 Board of Regents Meeting convened on December 1, 2024, to discuss significant updates regarding the funding formula for Louisiana's higher education institutions. The meeting focused on collaborative efforts among board members, colleges, and systems to propose changes aimed at addressing ongoing financial challenges.

Regent David opened the discussion by emphasizing the collaborative nature of the five-year review process. He noted that while no votes would take place during this meeting, the information shared would be crucial for future decision-making. He highlighted the pressing issue of underfunding, stating that the current funding formula is short by over $700 million, underscoring the importance of every dollar in the budget.

Elizabeth, presumably a key figure in the discussions, was expected to provide further insights into the challenges and proposed changes to the funding formula. The meeting served as a platform for sharing information and setting the stage for future actions aimed at improving financial support for Louisiana's higher education system.

In conclusion, the Board of Regents meeting highlighted the critical need for reform in the funding formula, with a clear acknowledgment of the financial constraints facing the state's educational institutions. The collaborative approach taken by the board and its partners aims to address these challenges in the coming years.