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Appropriations panel advances working version of higher-education funding formula, flags pharmacy credit change
Summary
Chairman Sarvaugh opened a session of the Appropriations - Education and Environment Division to review a new higher-education funding worksheet that would recalculate base rates, incorporate targeted equity and retirement pools into the base, and model a 4% increase to base rates — decisions the panel said are intended to create a working budget baseline for further negotiation.
Chairman Sarvaugh opened a multi-hour Appropriations - Education and Environment Division session by asking staff to walk members through a new higher-education funding worksheet intended to produce a working budget baseline.
The worksheet, explained by Alex Braun of the North Dakota University System (NDUS), showed columns for institutions’ current base funding, previously appropriated targeted equity and retirement pools, credit adjustments, and proposed changes from Senate Bill 2034. Braun said increasing base rates by 4% under the worksheet would cost “a little under $27,000,000 from the general fund.”
The committee’s purpose, Sarvaugh said, was to produce a working long sheet within about 10 days; numbers in the packet were provisional placeholders, not final amounts. Braun told members the spreadsheet combined the base funding formula, targeted equity and retirement appropriations, and adjustments to…
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