Universities Seek Funding Increases from the State

JULY 21, 2004 - Posted at 8:07 a.m. CDT

LITTLE ROCK, AR - Leaders of Arkansas' public colleges and universities plan to seek a $53 million increase in state funding for the 2006-2007 school year.

The group agreed Tuesday to recommend the funding increase in August at a meeting of the Higher Education Coordinating Board.  But university leaders say they doubt there will be much money available due to the expense surrounding court-ordered improvements at the public schools.

The higher education leaders based the funding recommendation on a new formula, which justifies as much as $832 million for 2005-06.  The new formula presents lawmakers with how much money the department believes it needs to do the job, rather than just what officials think they'll receive.

(Copyright 2004 by The Associated Press.  All Rights Reserved.)