Requests the Board of Regents to restructure the performance-based funding formula and not to allocate funding based on performance until improvements to the formula are made
Impact
The resolution addresses significant concerns regarding the performance metrics proposed by the Board of Regents, which are intended to guide state appropriations to postsecondary institutions. Critics argue that these metrics may not accurately reflect institutional improvement or success, but instead lead to comparisons that could undermine the capabilities of specific institutions. The bill suggests that without a restructured formula that considers unique institutional characteristics, the existing approach could hamper the educational missions of these institutions, especially during a period of shrinking state budgets.
Summary
House Concurrent Resolution 218, known as HCR218, urges the Board of Regents to revisit and restructure the performance-based funding formula currently used for allocating state funding to public postsecondary institutions in Louisiana. The bill emphasizes the need for the funding formula to better reflect the unique roles and missions of these institutions, and it specifically requests that funding not be allocated on the basis of performance until improvements have been made. This request arises from concerns that the current formula does not account for disparities in admission standards and resources among institutions, potentially leading to unfair competition and misunderstanding regarding funding distribution.
Sentiment
The sentiment surrounding HCR218 appears to be one of caution and advocacy for equitable treatment among varying educational institutions. Supporters believe that the performance-based model, as it stands, poses risks to the individual missions of schools, while opponents may question the efficacy of the proposed changes. Overall, the discourse indicates a strong desire for an improved funding formula that better serves the diverse landscape of Louisiana’s higher education system.
Contention
One of the notable points of contention in the discussion relates to how the funding formula's current metrics create disparity and competition among institutions, which could detrimentally affect their educational objectives. Proponents of HCR218 argue that a revised formula is essential to ensure that state appropriations reflect the distinct needs and historical commitments of each institution, while opponents may express concerns about the process of restructuring and the potential unintended consequences it could have on the funding distribution during a critical economic period.
Requests the Board of Regents to examine the effectiveness of the postsecondary education funding formula and provide for phased in implementation of significant changes, specifically as related to performance-based funding.
Requests the Board of Regents to consider articulation and transfer efforts of public postsecondary educational institutions when allocating funds through the funding formula for public postsecondary education.
Requests that Board of Regents develop a permanent funding formula for LOUIS and support LOUIS as a critical component of the success of public postsecondary education institutions (EG +$2,237,601 GF EX See Note)
Requests the State Board of Elementary and Secondary Education to make changes to the Minimum Foundation Program formula beginning with the formula adopted for the 2010-2011 school year
Creates the Medical Education & Research Finance Work Group to provide findings and recommendations to the legislature relative to a formula-based financing model for the funding of Louisiana's public institutions for graduate and professional medical education and biomedical and health-related research
Relating to accountability of institutions of higher education, including educator preparation programs, and online institution resumes for public institutions of higher education.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.