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The philosophy behind performance funding formulas

In Accountability, Higher Ed Finance by Bob Murphy

This fall in the Michigan Legislature, the House and Senate Appropriations Subcommittees on Higher Education are holding informational hearings while they consider revisions to the state’s funding formula utilized for its 15 public universities. MASU is slated to testify on Dec. 10th, and other interested groups are offering their input on the existing formula. From my vantage point, the most …

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Gov. Whitmer’s first budget for higher ed: Turning the ship around

In Higher Ed Finance by Bob Murphy

We might have expected much of the general approach Gov. Gretchen Whitmer took to her first budget, announced this week, by her campaign platform. Certainly a number of proposals like pulling School Aid Fund out of the universities’ budget were expected based on her platform planks. But I think there are other lessons to be learned about our state’s next …

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Michigan’s Fiscal Train and the Cliff Ahead: Maybe We Should Switch Tracks

In Higher Ed Finance by Bob Murphy

One thing that’s always perplexed me is how drivers occasionally get hit by trains. Trains don’t veer off course. Trains don’t suddenly make a right turn in front of you on your way to the grocery store. Trains just lumber steadily down the track, unable to slow down or speed up very fast. A part of me thinks that if …