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IHL and LBO brief committee on funding-formula history, institutional finances and enrollment challenges
Summary
Legislative Budget Office and the IHL commissioner presented funding-formula history, recent allocations and university financial health. Members questioned why a prior NCHIMS formula was frozen and asked how to shield institutions serving high-need students while responding to an enrollment cliff.
Leaders from the Legislative Budget Office and the Board of Trustees of State Institutions of Higher Learning (IHL) briefed the Joint Universities and Colleges Committee Dec. 12 on the history of IHL's funding approaches and the current fiscal and enrollment picture across the eight public universities.
Leanne Robinson of the Legislative Budget Office traced formula changes from 1980s enrollment-based FTE models to later base-plus approaches and a 2014'15 NCHIMS (National Center for Higher Education Management Systems) proposal that included performance and hold-harmless components. Robinson gave historical totals and described why the more ambitious formula was never…
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