Back to: News Nevada’s higher education funding formula comes under fire

Ed Vogel:

The Nevada System of Higher Education’s chancellor found himself Friday inside a hornet’s nest of angry legislators who expressed disgust over the lack of state funds their local colleges and universities would receive under a new formula.
While Dan Klaich said the formula is designed to bring fairness and equity and lead to higher graduation rates, he added it might work better if higher education was funded at pre-recession levels.
Under the governor’s proposed budget, higher education would receive $946.5 million in state support over the two-year period that starts in July, a 5.9 percent increase over the current two-year budget. But state support for higher education was $1.316 billion in 2007-09.