November 26, 2014
CARSON CITY, Nev. (AP) - Two rural Nevada colleges will feel less budget pain than initially proposed under actions taken by legislative money committees.
Lawmakers on the Senate Finance and Assembly Ways and Means Committees agreed Saturday to add $1 million a year to reduce losses Great Basin and Western Nevada colleges would realize under a new higher education funding formula.
The action holds the colleges to a budget cut of 11 percent from existing budget levels in each of the next two years, down from 15 percent.
A new funding formula for Nevada's System of Higher Education bases general fund support on how many class credits students complete. Upper level classes are also weighted more in the formula.
The money committees approved $751 million for the state's seven institutions that include two universities.
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