Joint education committee hears from universities on new funding formula

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Intro:	Several higher education stakeholders in Missouri testified performance should dictate part of what colleges receive in state appropriations.
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Wrap: Lawmakers were urged in a hearing in Warrensburg Tuesday to base half of any new higher education funding above the base level on performance.

Officials testified on the importance of measures such as job placement and degree completion.

Joint Education Committee chairman David Pearce says performance metrics must take into account the varying goals and missions of the state's schools.

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Description: "So what we need to do is to come up with a system where we are looking at certain things that are somewhat standard across the board, and the institutions can basically compare their own progress against themselves to see how they are doing."

The committee must develop a new higher education funding formula by the end of 2013.

Reporting from Warrensburg, I'm Nick Thompson.

Intro:	While Missouri colleges are tasked with transforming their students, lawmakers are looking to education officials on how to transform the funding formula.
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Wrap: A Missouri Western State University official testified in a hearing in Warrensburg Tuesday the university likes to see the transformation of its students.

But transformation alone cannot be measured by the legislature's Joint Education Committee.

Senator David Pearce, the committee chairman, says performance outcomes will be instrumental in a new funding formula.

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Description: "It's too early to make any decisions yet because we're still in the information gathering process, but I think performance and what are those performance measures is going to be very important in what we're doing here."

University of Central Missouri President Chuck Ambrose testified he places utmost importance on job placement coupled with affordability.

Reporting from Warrensburg, I'm Nick Thompson.

Intro:	Although apples cannot be compared to oranges, the Joint education committee is looking to higher education officials to see how their goals and missions can be incorporated into a funding formula.
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Wrap: The Joint Committee on Education heard more testimony in Warrensburg Tuesday on the performance measures which may be used as part of a new funding formula for higher education.

Senator David Pearce, the committee chairman, says a formula must take into account the goals and missions of all of Missouri's diverse institutions.

Actuality:	PEARCE1.WAV
Run Time:	00:14
Description: "So what we need to do is to come up with a system where we are looking at certain things that are somewhat standard across the board, and the institutions can basically compare their own progress against themselves to see how they are doing."

University of Central Missouri President Chuck Ambrose says affordability and job placement stand out to him as measures.

Reporting from Warrensburg, I'm Nick Thompson.