ERIC Number: ED172884
Record Type: Non-Journal
Publication Date: 1978-Jun
Reference Count: N/A
The Guastello-Zollar Formula for Financing Michigan Community Colleges, 1978-79. A Report Prepared Expressly for the Michigan Senate.
Murphy, Dave; Miller, George E.
The Guastello-Zollar funding formula provides a foundation of state financial support to community colleges based on a "fair share partnership" concept of funding and a program of investment/incentive grants awarded to encourage colleges to implement programs which have high priority in Michigan's educational policy goals. The fair share partnership is based on state aid revenue as a percentage of total General Fund revenues for community colleges in 1976-77 (the prior fiscal year) resulting in a state share of 44%, local tax share of 22.6%, student tuition share of 26.4%, and miscellaneous revenue support of 7.0%. The formula equalizes state share based on average expenditures per student; equalizes local tax share based on regional ability to pay; and provides tuition relief when both tuition and local effort equals or exceeds state averages. The seven investment/incentive grants which may be awarded are: (1) Program Completion Grants, which are based on the number of degrees awarded; (2) Career Education Grants, which are based on commerce degrees and technical certificates; (3) Service Area Grants, which aid remotely located schools; (4) Remedial Program Grants, which encourage remedial education; (5) Target Training Grants, which promote special occupational skill training; (6) Student Counseling Grants, which encourage career planning; and (7) Prison Program Grants, which provide postsecondary education to inmates. Funding formulas are provided. (DR)
Descriptors: Budgeting, Career Guidance, Community Colleges, Correctional Education, Degrees (Academic), Educational Finance, Educational Objectives, Equalization Aid, Expenditure per Student, Finance Reform, Financial Support, Incentive Grants, Job Training, Mathematical Formulas, Remedial Programs, Rural Schools, State Aid, Statewide Planning, Tax Allocation, Tuition Grants, Two Year Colleges, Vocational Education
Publication Type: Reports - Evaluative; Guides - Non-Classroom
Education Level: N/A
Authoring Institution: Michigan State Legislature, Lansing, Senate Fiscal Agency.
Identifiers - Location: Michigan