Saturday, July 23, 2011

Higher ed funding process siphons money from UNLV - April Corbin, Las Vegas Sun

Gerry Bomotti, UNLV senior vice president for finance and business, recalls a budget meeting during the legislative session in which an elected official asked, “If fees are raised, does the university get to keep that money?” The answer given and accepted: Yes. The real answer? Not exactly. Welcome to the world of higher education funding, Nevada-style. It’s a politically charged, convoluted black hole fueled by an algorithm few understand and governed by a body of people who largely don’t have college degrees themselves.