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2021 Session

Budget Amendments - HB1800 (Member Request)

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Chief Patron: Coyner
SCHEV - Cost Study

Item 152 #2h

Item 152 #2h

First Year - FY2021 Second Year - FY2022
Higher Education
State Council of Higher Education for Virginia FY2021 $0 FY2022 $100,000 GF

Language
Page 205, line 6, strike "$18,335,818" and insert "$18,435,818".

Page 208, after line 36,insert:

"U. 1. The State Council of Higher Education, in coordination with the University of Virginia and Virginia State University, shall conduct a pilot cost study and analysis to determine the effectiveness of detailed cost analysis in achieving greater financial efficiencies and mitigating the need for tuition increases.

2. In conducting the pilot study, the Council shall collect from the pilot institutions financial data on their expenditures at the program and discipline level. The Council, in coordination with the pilot institutions, shall identify opportunities for mitigating costs and increasing financial efficiencies.

3. By November 1, 2022, the State Council of Higher Education for Virginia shall report to the General Assembly its findings and recommendations regarding (i) whether a study or survey of institutional expenditures at the program and discipline level allows for greater financial analysis for improved cost efficiencies, (ii) what opportunities for improved cost efficiencies were identified throughout the study, (iii) whether any identified opportunities for improved cost efficiencies have been implemented, or are expected to be implemented, as a result of this study, (iv) any observed funding discrepancies between comparable programs or disciplines of the pilot institutions, (v) any successful methods used in conducting the pilot that may be utilized by other institutions of higher education in Virginia, and (vi) whether expanding the pilot study into an annual review conducted at all public institutions of higher education in Virginia would require any changes or adjustments made to the process and its oversight."



Explanation

(This amendment requests funding for SCHEV to conduct a pilot cost analysis in effort to achieve greater financial efficiencies and mitigate the need for tuition increases.)