2020 Session

Budget Amendments - SB30 (Committee Approved)

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Higher Education Cost Study

Item 152 #2s

Item 152 #2s

First Year - FY2021 Second Year - FY2022
State Council of Higher Education for Virginia FY2021 $150,000 FY2022 $150,000 GF

Page 177, line 17, strike "$18,285,818" and insert "$18,435,818".
Page 177, line 17, strike "$18,285,818" and insert "$18,435,818".

Page 179, after line 49 insert:

"P. 1. Out of this appropriation, $150,000 the first year and $150,000 the second year from the general fund is designated to support related costs of undertaking a review of higher education costs, funding needs, appropriations and efficiencies.

2. The State Council of Higher Education, in consultation with representatives from House Appropriations Committee, Senate Finance and Appropriations Committee, Department of Planning and Budget, Secretary of Finance, and Secretary of Education, as well as representatives of public higher education institutions, shall review methodologies to determine higher education costs, funding needs, and appropriations in Virginia. The review shall identify and recommend: (1) methods to determine appropriate costs; (2) measures of efficiency and effectiveness; (3) provisions for any new reporting requirements; (4) strategies to allocate limited public resources based on outcomes that align with state needs related to affordability, access, completion, and workforce alignment; (5) the impact of funding on underrepresented student populations, and (6) a timeline for implementation.

3. The review shall build on existing efforts including the assessment of base adequacy, recommendations provided through the Strategic Finance Plan, and peer institution comparisons to determine if existing funding models should be updated or replaced. It shall also build on promising practices and include input from Virginia's institutions, policy makers, and other education experts.

4.The Council shall present a proposed workplan to the Joint Subcommittee on the Future Competitiveness of Higher Education in Virginia by August 15, 2020.  The Council shall submit a preliminary report and any related recommendations to the Governor and the Chairmen of the House Appropriations and Senate Finance and Appropriations Committees by December 1, 2020 with a final report by July 1, 2021."


(This amendment will allow SCHEV to partner with a national expert to review Virginia's higher education costs and efficiencies and develop a plan to align finances with state needs.)