CPE requests budget increase, will tie dollars to performance
11/23/2015 09:44 PM
The Council on Postsecondary Education is seeking an additional $86.7 million, or half of where colleges and universities were at in the 2007-08 biennium, and tie the request to performance criteria.
As part of their request to lawmakers for the next two-year budget, Kentucky’s public universities will ask for the money to doled out based on the number of students who earn degrees, improved graduation rates, and increased retention rates.
Another performance metric will focus on “closing the gap” between low-income and minority students and the rest of campus.
Bob King, president of the Council on Postsecondary Education, told Pure Politics that the budget request achieves what the incoming governor has proposed during the campaign, and the state’s eight public universities and the Kentucky Community and Technical College System are willing to risk.
“We think it’s a pretty credible balance between the interests that we hear our new governor — Gov. Bevin talking about performance funding,” King said.
Schools will have specific targets to achieve, if a campus falls short on their target the college or university would see a reduction in funding which in the following biennium. The targets, King said have not yet been set, but would be negotiated with the campuses.
The Council on Postsecondary Education is also asking for additional funding not tied to the performance criteria to boost research at the University of Kentucky and University of Louisville to the tune of $12 million, as well as other projects (5:10 in the interview).
Watch the rest of the interview to hear why King thinks tuition costs will not drop back to levels seen decades ago (7:50), and the University of Kentucky study which shows Kentucky’s low level of education is costing the state $900 million annually (12:43).
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