Panels adopt Nevada higher ed funding formula

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Updated: 5/15/2013 4:54 pm

CARSON CITY, Nev. (AP) — Members of a joint legislative panel have formally adopted a new funding formula for Nevada's universities and community colleges, a change that shifts more general fund support to campuses in southern Nevada.

The action was one of several taken Wednesday by a joint subcommittee of the Senate Finance and Assembly Ways and Means committees.

Under the new formula previously adopted by the Board Regents, funding will be based on how many class credits students complete. Additionally, upper level courses will be given more weight in the funding balance because they cost more to offer.

University officials initially said the shift will mean about $13 million going to southern Nevada schools from the north.

Legislative analysts are crunching final numbers on how individual campuses will be affected.


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