Holland: Cut Higher Ed Funding Formula
|Rep. Cory Holland|
The bill by state Rep. Cory Holland would cut nearly $192 million in spending on state colleges by removing a provision in the higher education funding formula that takes into account spending among peer universities in other states.
Holland delivered a report to lawmakers on Wednesday as part of a presentation by the Oklahoma Council of Public Affairs — a conservative think-tank.
He says Oklahoma spends more than $1.5 billion each year on higher education with little oversight on exactly how that money is spent. He says he's concerned that thousands of university employees earn more than $100,000 each year — but do little classroom teaching.