Governor Regrets not Adequately Funding Tenn. Higher Ed
NASHVILLE, Tenn. (AP) — Gov. Bill Haslam says he regrets not being able to adequately fund higher education so that all institutions that showed improved outcomes can be rewarded financially.
About four years ago, Tennessee started funding its colleges and universities based on outcomes like graduation rates and credit completions instead of enrollment.
However, the state opted not to add any new funding to higher education for the next budget cycle because of a revenue shortfall of more than $270 million.
That means some schools will be rewarded for their outcomes, and others won't. It also likely means higher tuition costs statewide this fall.
Haslam says he hopes to fund higher education going forward so that schools can be properly rewarded.