This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

The Assembly Ways and Means and Senate Finance Subcommittee on K-12/Higher Education/CIP convened on March 11, 2025, to discuss critical funding issues affecting Nevada's higher education institutions. The meeting focused on the current funding formula and its implications for research institutions, particularly the University of Nevada, Las Vegas (UNLV) and the University of Nevada, Reno (UNR).

The session began with a review of the funding model, which has raised concerns among committee members regarding its effectiveness. One member expressed skepticism about the current formula, stating it may not adequately serve the state's educational needs. The discussion highlighted the necessity for ongoing dialogue to refine the funding approach.
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Chair Dondero Loop requested insights from UNLV and UNR representatives, emphasizing the impact of funding reductions on these institutions. Dr. Chris Heavey, officer in charge at UNLV, provided a detailed overview of the funding challenges faced by Nevada's higher education system. He noted that Nevada has the lowest net funding per full-time equivalent (FTE) student in the country, which places significant strain on all institutions, particularly those classified as R1 research institutions.

Dr. Heavey pointed out that both UNLV and UNR are underfunded compared to their national peers, operating at an R2 funding level despite achieving R1 status. He estimated that UNLV is approximately $120 million short annually when compared to the average funding of similar institutions nationwide. This disparity underscores the challenges faced by Nevada's universities in maintaining quality education and research capabilities.

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Jeff Thompson, Executive Vice President and Provost at UNR, echoed Dr. Heavey's concerns, highlighting the differences in funding needs between R1 institutions and community colleges. He stressed the importance of adequate support for all educational levels to ensure student success and economic contribution.

The meeting concluded with a consensus on the need for a reevaluation of the funding models used to support higher education in Nevada. Both UNLV and UNR representatives emphasized the importance of aligning state funding with the unique needs of research institutions to foster growth and maintain educational standards.

As the subcommittee continues its discussions, the focus will remain on developing a sustainable funding strategy that addresses the challenges faced by Nevada's higher education institutions, ensuring they can thrive in an increasingly competitive academic landscape.

Converted from 3/11/2025 - Assembly Ways and Means and Senate Finance Subcommittee on K-12/Higher Education/CIP meeting on March 11, 2025
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