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Board to ask lawmakers for additional $30M for 2015 budget

JACKSON — The College Board will seek roughly $30 million more in state money in the 2015 budget year.

The board members voted today to ask the Legislature for the money for Mississippi’s eight public universities.

Though the 2014 budget year doesn’t begin until July 1, state agencies begin planning requests for the following year in the spring, in advance of legislative hearings looking at 2015 requests in the fall.

Higher Education Commissioner Hank Bounds says $20 million would aid operations of the schools, using the new funding formula the board approved earlier this year. Projections show $20 million would provide enough money so every university would get at least a small increase. The board is trying to equalize funding among universities based on how many courses students complete and other factors.

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