Georgia's public colleges and universities will have to earn the money they get from taxpayers by helping more students get a degree. The change is part of a new funding formula approved Wednesday by a commission appointed by Gov. Nathan Deal.
Georgia is making plans that would change the way it funds public colleges in the state, tying the money to performance measures such as graduation rates. The plan, if given final approval, would mark a drastic change in the way Georgia funds its college system.
A state commission has called for more spending on technology in Georgia schools, less money for central administration and more support for campus psychologists, nurses and counselors. But the panel steered clear of recommending wholesale changes to the state’s complicated education funding formula.
The Georgia Lottery Corporation anticipates a $30 to 40 million dollar revenue drop from last year, but its affect on education won’t be known for another two weeks. Last year's lottery yielded lower revenues as well, but provided additional funds than the year prior.