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ERIC Number: ED213451
Record Type: RIE
Publication Date: 1981-Sep
Pages: 16
Abstractor: N/A
Reference Count: 0
The Funding Plan for the Illinois Public Community College System.
Loftus, Virginia L.
A revised funding plan for the Illinois Community College System is presented as adopted by the Illinois Board of Higher Education for implementation in the fiscal year (FY) 1981 budget process. After outlining the characteristics of the community college system, the report provides a summary of the funding plan, pointing out the advantages and disadvantages of its components to illustrate the policy decisions inherent in the plan. The first sections of the report explain that the plan is cost-based, utilizing the latest known statewide weighted average unit costs based on enrollments and expenditures, and is enrollment-driven, using the latest known actual full-time equivalent enrollment. The next section delineates the eight bases for determination of state funding: (1) shared responsibility among state and local taxes, tuition, and miscellaneous revenues; (2) allowance for inflationary factors; (3) provision for special needs; (4) flexibility for adjustments in commitment to funding categories; (5) standard tuition contribution; (6) standard local tax contribution; (7) standard miscellaneous revenue contribution; and (8) provision for state funding of public service activities. The final section specifies the categories under which state funding is distributed, i.e., credit hour grants, equalization grants, disadvantaged student grants, and special funding grants. Appended material illustrates the appropriations formula used in FY 1981 and projected costs and revenues. (HB)
Publication Type: Speeches/Meeting Papers; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: Illinois
Note: Paper presented at the Annual Conference of the American Education Finance Association (New Orleans, LA, March 26-28, 1981).