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Proposed Higher Education Funding Model

Proposed Higher Education Funding Model

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Published by: Columbia Daily Tribune on Dec 11, 2012
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10/01/2013

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Funding Higher Education in Missouri:
Model ProposalPresented to the Joint Committee on EducationBy Stacey Preis, Ph.D., Executive DirectorDecember 2012
 
 i
Executive Summary 
HB 1731 (2012) directed the Joint Committee on Education to develop a model forappropriating funds to public higher education institutions. The committee undertook the charge by framing the discussion around priorities, goals, and accountability.Development of the proposed model was done with a knowledge
of Missouri’s history 
of higher education funding, funding disparities, and past efforts to reform fundingpractices. In addition, Missouri is one of many states with previous experience usingperformance funding and a resurgence in interest in funding strategies that emphasizeinstitutional outcomes over inputs.This model was informed by numerous sources including recent initiatives of the highereducation institutions and the Department of Higher Education; research fromacademia, national education policy organizations, and national higher educationorganizations; archived documents from previous commissions and taskforces; andpublic testimony given at the Joint Committee on Education Fall 2012 hearings.The model considers the adequacy of core appropriations to the institutions as well asperformance outcomes demonstrating that institutions are meeting the needs of thestate. Missouri institutions are divided into sectors by Carnegie classification, and publicinstitutions in ten states with a per capita personal income level closest to Missouri wereused as peer institutions. Cost estimates for core expenditures are calculated in standardexpenditure categories of instruction, research, public service, academic support,student services, and institutional support. All but research are calculated usingcomparative data from peer institutions.Performance measures are incorporated into the model through the use of completedcourse hours in the calculation of instructional costs, as well as through the performancefunding goals and metrics developed by the higher education institutions as members of a performance funding taskforce.The model acknowledges both the collective and mission-specific contributions thatinstitutions make to the educational and economic well-being of Missouri. The modelprovides a rational basis for the appropriation supporting operational expenditures andprovides incentives to institutions to meet goals and sustain excellence.
 
 ii
Thank you to my colleagues Mike Price, Trevor Foley, Becky Deneve, and MichaelRuff for their insights, ideas, and assistance in developing the proposed model.

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