The 12 publicly supported universities and colleges of Michigan that, in cooperation with the National Science Foundation, sponsored and conducted this study were particularly interested in looking into the overlapping interests of the three public bodies most concerned with higher education--the local institutions themselves, the State of…

Alternative funding mechanisms for appropriating operating and capital outlay revenue for public colleges and universities are described. The following conclusions are drawn: (1) Budget formulas are utilized by 25 of the 50 states in allocating funds to higher education. (2) Budget formulas are used predominantly in budget areas where data related…

Concern about the quality of public colleges and universities and the effectiveness of mechanisms for governing and financing them have led states to launch reviews of their higher education systems. The experiences of four states (Arkansas, Kentucky, Michigan, and Minnesota) are described. (MLW)