2020 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Howell
Joint Sub. on Higher Education Funding Policy - Study for More Equitable Funding

Item 1 #5s

Item 1 #5s

First Year - FY2021 Second Year - FY2022
Legislative Department
General Assembly of Virginia FY2021 $150,000 FY2022 $150,000 GF

Page 3, line 5, strike "$52,712,873" and insert "$52,862,873".
Page 3, line 5, strike "$52,712,873" and insert "$52,862,873".

Strike page 7.

Page 8, strike lines 1 through 4, and insert:

"F.1. The Chair of the Senate Finance and Appropriations Committee and the House Appropriations Committee shall each appoint four members from their respective committees to a joint subcommittee to review public higher education funding policies and to make recommendations to their respective committees. The objective of the review is to develop revised policies and formulas, for use beginning with the 2022-24 biennium, to provide the public institutions of higher education with an equitable funding methodology that: (a) recognizes differences in institutional mission; (b) provides incentives for achievement, productivity, access for in-state students who are traditionally under-represented, and production of degree holders that lead to employment; (c) recognizes enrollment growth; (d) encourages cost containment and operational efficiency in order to constrain student costs; and (e) other policy priorities of the Commonwealth. The public institutions of higher education and the staff of the State Council of Higher Education for Virginia are directed to provide technical assistance, as required, to the joint subcommittee.  The joint subcommittee will hear input from diverse voices, including Virginians business and industry leaders and third-party organizations with expertise in best practice, such as the National Center for Higher Education Management Systems.  The Joint Subcommittee shall review and articulate policies and funding methodologies on the mix of in-state and out-of-state students as it relates to tuition policy.

2. The Joint Subcommittee may seek support from the staff of the Senate Finance & Appropriations Committee and the House Appropriations Committees, the public institutions of higher education, or other higher education or state agency representatives, as requested by the Joint Subcommittee. At its discretion, the Joint Subcommittee may contract for consulting services.  The Joint Subcommittee will submit a preliminary report by November 1, 2020 and a final report by October 1, 2021.".


(This amendment supports a study of a new and equitable funding model for Virginia's students and higher education institutions that incentivizes outcomes in the public interest.)