MACo Legislative Director Kevin Kinnally this week testified before the Senate Budget and Taxation Committee in support of SB 795 – Community Colleges and Private Nonprofit Institutions of Higher Education – Funding. This bill would fully fund and build upon the community colleges funding approach ⎯ also known as the Senator John A. Cade Funding formula ⎯ used to calculate the allowance for community colleges as a percentage of state aid provided to four-year institutions.
From the MACo testimony:
Under SB 795, the Cade formula would, for the first time since its establishment, be fully funded at 29% of the per full-time equivalent student provided to the select public four-year institutions for fiscal year 2024 and would increase funding to 30% every year after.
Notably, the proposed fiscal year 2024 State budget fully funded Cade at 29%, and MACo has urged budget leaders to retain that historic funding as they move the budget plan. SB 795 would codify community colleges as a budget priority for Maryland for the upcoming fiscal year and for those that follow.
The bill’s crossfile, HB 1101, will be heard in the House Appropriations Committee on March 15, 2022.