Mo. Senator blocks higher ed funding formula
Thursday, May 2, 2013
JEFFERSON CITY, Mo. (AP) — A Missouri senator blocked a vote on a bill that would base some state funding for Missouri public universities on performance standards and career placement.
Republican Sen. Kurt Schaefer, of Columbia, blocked the Senate vote Thursday. He says the Legislature should spend more time studying the effects of the proposed higher education funding formula before voting. Lawmakers have until fiscal year 2015 to put the formula in place.
Under the legislation, 10 percent of state funding to universities would be tied to whether a school meets performance and career placement goals.
Currently, the state allots money to higher education institutions based largely upon how much colleges and universities received in the past and how much Missouri has available for the future.
Higher education is SB437
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