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• W45075003 abstract "In May 2004, Colorado Governor Bill Owens signed Senate Bill 189 into law, essentially transforming how public higher education is funded in that state. The measure, first of its kind in nation, changes flow of state appropriations from traditional enrollment-based black grant to institutions into two more market-based streams: * A per-student undergraduate stipend (authorized at $2,400 per year for resident students at public universities and $1,200 per year for resident students at private universities in state) that follows student for up to 145 credit hours; and * A fee-for-service contract between state and institution to provide graduate, professional, and developmental education, as well as public service and other mission-related functions. Eligibility for either stream is contingent upon establishment of a performance agreement between institution and state's Commission on Higher Education that will specify institutional performance targets (to be determined). The law is scheduled to take effect July i, 2005, but debate over its significance-and wisdom-is already well underway. Some advocates see measure as a new and important mechanism for promoting access and efficiency in public higher education, while more pragmatic proponents couch it as an essential means to loosen grip of constitutional revenue/spending limits imposed by Taxpayer Bill of Rights (TABOR). Critics contend that law will do little to expand access, and will instead pave way toward a system of publicly chartered, privately funded institutions, and may even constitute a death sentence for some. While it is too early to tell which-if either-camp will ultimately be vindicated, pundits and proponents should look critically at context surrounding law before pronouncing it the wave of in higher education finance. Following are three key points to consider in thinking about impact and future of Senate Bill 189: * Any potential benefits of a new finance system will not be realized until state gets its fiscal house in order. Specifically, Colorado is currently hamstrung by combination of TABOR, which places strict limits on state revenue collections and spending increases, and Amendment 23, another constitutional provision that mandates annual state funding increases for K-12 education (at rate of inflation plus one percent). While Senate Bill 189 provides for some relief for public universities by exempting them from TABOR'S revenue limits,1 double whammy represented by TABOR'S taxing and spending restrictions and Amendment 23's required annual hikes for state's largest general fund item will likely bring starvation of other public services (such as higher education) over long term. Legislative leaders and governor are currently working on modifications to TABOR, thus easing half of squeeze, but have not yet agreed on its provisions. Moreover, anti-tax groups such as Club for Growth are touting TABOR as a national model, further complicating political calculus for reform efforts. …" @default.
• W45075003 created "2016-06-24" @default.
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• W45075003 date "2005-01-01" @default.
• W45075003 modified "2023-09-24" @default.
• W45075003 title "Colorado and the Higher Education Voucher Experiment: Finance Revolution or Hail Mary Pass?." @default.
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