The Joint Committee on Finance (JFC) met yesterday, May 24th, to take action on the WTCS Budget.
The committee adopted the following motions:
The increase represents a 3% annual increase and will be distributed based on the current general aid framework: with 70 percent distributed using the statutory formula and 30 percent distributed based on the outcomes-based funding formula. From 2014-15 through 2018-19, general aid was flat-funded at $88,534,900. With yesterday’s action, we have now realized ongoing increases in resources for the colleges for the third straight biennium.
We will continue to monitor progress on the state budget over the coming weeks and will update you as needed.