April 12, 2017
Editorial: New formula helps restore funds to GBC | Editorial | elkodaily.com
A revised funding formula offered by the Nevada System of Higher Education should go a long way toward restoring Great Basin College’s budget and the university system’s credibility in the wake of a scandal that led to the sudden departure of its chancellor last year.
New chancellor John White and Board of Regents Chairman Rick Trachok recently spoke with the Elko Daily Free Press and described the changes, which include advisory councils that will address issues specific to community colleges.
There are many ways to organize funding distribution in a college system, based on factors such as credit hours of enrollment. Regents shocked rural Nevada in 2012 when they came up with a new formula that put more funding into schools that have higher graduation rates and offer expensive programs such as those needed for master and doctoral degrees.
The formula cut more than 32 percent from GBC’s budget, and smaller amounts from other rural colleges, while greatly benefitting the College of Southern Nevada in Las Vegas. Lawmakers have been approving “bridge” funding to help GBC survive the blow, but that expired last year.
The latest system takes into account the higher cost of “career and technical educational” courses that help with workforce development – a key focus of colleges such as Great Basin.
“It’s much more expensive to do advanced welding than it is English, but the compensation from the state was identical,” Trachok said. “We wanted to make sure that we were able to adjust for that, which doubled the type of funding for those types of courses.”
The CTE increase will “slightly exceed” what the bridge funding provided, White said.