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Under the proposed New Community College Compact With Texas, base funding is required to fulfill the community college mission. Colleges cannot innovate or experiment when the focus of their concern is an inadequate funding base.
The New Compact calls for base funding comprising three key components described below.
Base Formula Funding
The state commitment to base funding would be determined by taking the total amount from the annual cost study and deducting tuition and statutory fees from that total. The state then would deduct 10 percent from the total appropriation amount and set those funds aside for incentive funding.
Employee Benefits
The legislature must maintain its commitment to Texas community colleges by funding employee benefits, including adjustments for inflation.
Contingency Funding for Enrollment Growth
Because the funding system is based on historical enrollments, colleges that grow are at a disadvantage as they deal with increasing numbers of students without additional funding. A contingency fund for an enrollment growth set-aside at the Texas Higher Education Coordinating Board should be continued and enhanced.
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