Committee reviews 25-session funding formula changes; pharmacy weight reduced, equalization and "hold harmless" explained
System office staff briefed the committee on changes made in the most recent legislative session to the higher-education funding formula, including adjusted credit weighting, an equalization step that raised base rates to the highest in each group, a 4% base-rate increase, and the House’s adjustment reducing the pharmacy weight to 14 and applying hold-harmless after weighting changes.
The full story
Chairman Sorvaugh convened the committee and asked members to treat the session’s presentations as part of an ongoing bill-writing process; he said he and Alex will begin drafting bill language after the next meeting and urged members to “pay attention because what's said today could be in there.”
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in