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Missouri legislative panel focuses on higher education funding

Monday, October 22, 2012 | 7:48 a.m. CDT; updated 10:29 a.m. CDT, Monday, October 22, 2012

WARRENSBURG — A panel of state lawmakers holds a hearing at the University of Central Missouri this week on the creation of a funding formula for higher education institutions.

Tuesday's hearing is the second of three scheduled by thelegislature's Joint Committee on Education.

A bill approved earlier this year directed the committee to develop a funding formula by the end of 2013 and said the legislature should implement it for the 2015 budget year.

Sen. David Pearce, R-Warrensburg, chairs the 14-member committee. He said the panel wants ideas for developing a rational basis for core funding for colleges and universities, and for setting performance-based standards.

Warren said more than 12 states recently have developed performance evaluation standards that consider such factors as a school's mission and rates of student retention.


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