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Committee hears bill to shield growing colleges from funding ‘success penalty’ and reclassify wind and law‑enforcement courses
Summary
Representatives and campus officials told the Appropriations - Education and Environment Division that Senate Bill 2034 would protect institutions that grow past a funding threshold from losing per‑credit revenue and would reclassify two Lake Region programs as career and technical education (CTE), raising their funding weight.
The Appropriations - Education and Environment Division heard testimony on Senate Bill 2034, a measure Representative Mark Sanford said is intended to prevent colleges from losing state funding when growth pushes them into a lower per‑credit rate. “This bill is really attempting to clean up a couple of issues that have come up over the years,” Representative Mark Sanford said.
The bill would change how the state’s higher education funding formula treats institutions that grow past a threshold in weighted student credits. Under the current model, institutions are paid on weighted credits multiplied by an institutional size rate; when an institution moves into a larger size category its multiplier can fall. Sanford and witnesses said that has led to an effective loss of revenue for some colleges when…
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