The Senate Appropriations and Revenue Committee passed SB 153 out of committee yesterday afternoon by a vote of 12-1. Testimony was given by bill sponsor Senator David Givens, CPE President Bob King and Morehead State University President Wayne Andrews. Funding for Eastern Kentucky University and the rest of the state’s postsecondary schools would be based on the numbers of degrees they confer, students enrolled, credit hours earned and other factors in this legislation. SB 153 is likely to see action on the Senate floor today and will be heard in committee in the House of Representatives on Thursday, February 23 at 10 a.m.
David T. McFaddin, Ed.D.
Vice President Office of Engagement, Regional Stewardship and Government Relations Eastern Kentucky University
SENATE BILL 153
Postsecondary Education Comprehensive Funding Model
The model combines all four-year universities into one sector with differentiated weights for R1 institutions versus comprehensive institutions.
State appropriations are allocated to postsecondary institutions to support the education of Kentucky resident students as well as non-residents covered by a CPE-approved reciprocity agreement.
This funding formula is based on a “share” within the four-year institution sector. Past methods have either been goal or improvement based.
The FY18 enacted budget included a 5% reduction of funds allotted to institutions to create the performance funding pool.
The model includes hold harmless and stop loss provisions that allow implementation of the model through 2020.
Click below to see testimony from the committee.
Public colleges and universities would move to...
FRANKFORT - Funding for the state's postsecondary schools would be based on the numbers of degrees they confer, students enrolled, credit hours earned and other factors under legislation passed by the Senate Appropriations and Revenue Committee...