Home » NEWS » Education » Full board to weigh new university funding formula

Full board to weigh new university funding formula

JACKSON — A College Board committee is moving forward a plan to change how state money is distributed among Mississippi’s eight universities.

The board’s Finance Committee voted  to send the proposal to the full board for consideration tomorrow, but not before one board member sharply questioned state subsidies of non-Mississippi residents.

Higher Education Commissioner Hank Bounds says the new formula is meant to more fairly distribute more than $300 million in state aid among the schools. In recent years, individual universities’ shares of overall state funding have remained the same, even as enrollments have shrunk at some schools and grown at others.

For the budget year beginning July 1, at least, the plan would boost funding for some universities, but wouldn’t cut money to any school.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *