NM college, university presidents propose new state funding model

Tim Goral's picture

College and university presidents across the state are endorsing a new way of funding their schools.

The model would encourage legislators to fund colleges and universities based on the previous year's allocations while also providing incentive, performance-based funding that rewards different types of schools for meeting their different missions.

Multiple university presidents said all two- and four-year schools in the state have endorsed the proposal.

"For the first time I've seen agreement among all sectors, which in itself is monumental," Western New Mexico University President Joseph Shepard said.

Meanwhile, the state Higher Education Department has proposed a model that would require colleges and universities to put a certain percentage of their budgets "at risk."

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