A skilled workforce is one essential component of a prosperous and inclusive state economy. Attaining a degree or other post-secondary credential has obvious benefits to graduates and their families. Higher education insulates against unemployment and can be a pathway out of the low-wage economy. Funding for higher education is correlated with…

This report calls upon Michigan's state leaders to quickly develop and implement solution-based approaches to both support the long-term recovery of student learning, as well as address the longstanding inequities and underperformance that have plagued Michigan's education system for decades. Building upon last year's recommendations, which called…

Resource allocation to school sites in public school districts is inequitable. While Student Based Funding (SBF) has been implemented in several major urban school districts, there are few empirical studies about how SBF policies are derived and implemented. Current efforts to align resources with student need are hindered by a lack of systematic,…

Policy discussions about funding in higher education focus primarily on revenues needed to balance budgets from year to year, rather than on how funds need to be invested to meet strategic priorities. The data in "Trends" show that the incremental approach to fundraising and spending has resulted in a slow disinvestment in core…

By late 2008, the United States was in the midst of its most severe economic recession since the 1930s, brought on by a collapse in real estate prices and exacerbated by the failure of many large banks and financial institutions. Heeding calls from economists, Congress and the Obama administration passed an historic law in early 2009 to stimulate…

This memorandum describes the calculations used to figure the instructional subsidy for postsecondary education in Ohio, focusing on why the model operates as it does and the implications of the current funding model. The two principle factors in the instructional subsidy model are institutional enrollments and actual costs. The model begins with…

The future of Greece's well-being will depend on improving educational performance to boost productivity and improve social outcomes. In the current economic context, with the need to get best value for spending, Greece must and can address inefficiencies in its education system. The challenges are significant. For example, Greece lags behind many…

As a response to the concerns associated with the allocation of state resources to institutions of higher education, several states have developed budget formulas to derive estimates of the institutional financial requirements. Formulas, however, were developed during a period of rapid growth, and might be unresponsive to institutional needs…

By provision of law, the Ohio Board of Regents must review the appropriation requests of the public community colleges and the state colleges and universities and then submit recommendations regarding the biennial higher education appropriation for the state. To do this, the Board of Regents developed a Model Program Expenditure Budget. This…

In view of increasing financial pressures, this paper argues that a new approach to fiscal policy and to the structure of the financial relationship between state government and institutions of higher education is needed. A proposed three-part budget would include the following: (1) a base or core lump-sum budget managed by higher education…

A statistical and analytical procedure for selecting states for the purpose of comparing their postsecondary systems with New Jersey's is detailed by a public commission appointed by the New Jersey Board of Higher Education. The approach used factor analysis to examine information on specific variables that describe the socioeconomic and…