The complex formula, released in early March by a legislatively created commission of lawmakers, college officials and others, is designed to mimic a growing number of revamped K-12 funding models, most of which were ordered by courts to remediate years of underfunding for schools in less-wealthy areas with less property tax revenue but higher need for student support. Unlike K-12 efforts, however, courts have not mandated changes in higher ed funding.
Really, these folks are just building a model to justify the existing old university system and costs. This does nothing to address right sizing and restructuring these university’s operations and course offerings to match the demand. Why have only the very educators who would benefit from the model, develop the model, why not insert some actual business people in the mix to try and get some real-world reality injected in the plan? This is all about the equitable distribution of tuition funds…the financial organization of these state university entities are currently structured to serve the employees and teachers, their salaries… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Really, these folks are just building a model to justify the existing old university system and costs. This does nothing to address right sizing and restructuring these university’s operations and course offerings to match the demand. Why have only the very educators who would benefit from the model, develop the model, why not insert some actual business people in the mix to try and get some real-world reality injected in the plan? This is all about the equitable distribution of tuition funds…the financial organization of these state university entities are currently structured to serve the employees and teachers, their salaries… Read more »
A woke funding formula for higher ed. Just what we need ; )