Kentucky's University Presidents Putting Finishing Touches on Funding Model
The presidents of Kentucky’s universities are meeting this week to discuss a higher education funding model that they will propose to the governor and state legislators.
When lawmakers convene the next General Assembly in January, they’ll be tasked with approving the state’s next two-year budget. WKU President Gary Ransdell says the proposal being offered up by the school presidents puts a great deal of emphasis on how many graduates the universities produce.
“The performance funding model will be based primarily on degree production," Ransdell told WKU Public Radio. "In other words, how many more degrees are you awarding over the last three years? It will be a three-year rolling measure of degree productivity. And that’s the primary driver of the performance funding model."
"In the final analysis, that’s what matters to the state: how many more graduates are you putting in the workplace to drive the economy?”
President Ransdell says the proposal by the school presidents also contains requests for capital project funding, with each university contributing a list of priorities it wants the state to support.
The school presidents meet Wednesday in Frankfort.