New Guidelines Proposed for Higher Ed Funding
Posted: December 19, 2000 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am
A report released yesterday by the Joint Subcommittee on Higher Education Funding Policies, established last year by the Virginia Legislature, recommended new guidelines as a basis for funding Virginia’s colleges and universities. Based on these guidelines, which take into account a variety of factors ranging from enrollment to types of programs, George Mason’s current budget would be $19 to 21 million higher that it is now. According to the guidelines, most of the Commonwealth’s colleges and universities are under funded, with George Mason ranking second in levels of under funding.
The subcommittee is following four basic principles, listed below, in developing the guidelines.
- The guidelines complement the current funding policies in place for higher education.
- Not all institutional resource requirements will be met through the guidelines.
- To the extent possible, the guideline factors are developed through an assessment of actual experience, or national “best practices.”
- To the extent possible, the guidelines balance the desire for simplicity in the guidelines with the need to recognize institutional differences.
The subcommittee will meet again in January for an action plan regarding yesterday’s session.