Board of Governors Approve New Approach to Community-College Finance
At its March 7, 2005, meeting, the California Community College Board of Governors (BOG) accepted the Chancellor’s Office’s staff report as the basis for a new approach to community-college finance. The new approach to community-college finance reflects the contributions of the “Report of the Workgroup on Community College Finance” as modified through extensive system consultation.The BOG authorizes the Chancellor to proceed with necessary steps for:
- Legislation addressing the board parameters of this new funding model.
- Changes in Title V regulations that address more detailed aspects of the model.
- Changes in administrative practice addressing details that do not require specification in legislation or regulation. The BOG specified that implementation of the new funding model would not occur before the 2006-07 fiscal year or alter the 2005-06 System Budget Request.
During the debate over the new funding proposal, BOG members heard testimony from Chief Executive Officer (CEO) representatives in support of the new funding model, as well as CEO and faculty representatives who were concerned about various aspects of the new model. BOG members indicated to Chancellor Drummond that they would like to see all 72 districts in support of the new funding model before it is implemented. Chancellor Drummond assured the BOG that he would continue to work with all parties, but could not guarantee that all 72 districts would unanimously be satisfied with the final product. Read the rest of this entry »
