Ky. university funds could be tied to academics - Chris Kenning, Courier-Journal

For more than a decade, Kentucky has funded its universities with an outdated formula that doesn't account for changes in enrollment or reward schools that are better at producing graduates, state higher education officials say. Divvying up state funds based largely on historic shares has prompted complaints about funding disparities, but efforts to revamp it have failed to gain traction — partly because years of state cuts since 2008 have left universities reluctant to risk any of their dwindling funds. Now, Kentucky's Council on Postsecondary Education and university presidents are meeting in hopes of hammering out a more modern, equitable formula that council President Robert King said could be finished by year's end and taken to the General Assembly in 2016, which would be a budget-setting year. http://www.courier-journal.com/story/news/education/2014/09/17/kentucky-weighs-revamping-university-funding/15765503/