Formula Funding in the Texas Budgeting Process: Attitudes and Perceptions of University Presidents and Chief Financial Officers
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The purpose of this paper is to explore the impact of higher education formula funding in the Texas biennial budgetary process. The following exploratory categories guide the discussion: 1. The political environment that impacts the budgeting process; 2. The political relationships between the Legislature and state public institutions of higher education; and 3. The general characteristics of formula funding and their impact upon the state public institutions of higher education. The Texas perspective of the three exploratory categories is discussed. Discussion highlights the Texas public higher education budgeting. Texas university presidents and university chief financial officers are surveyed to learn their attitudes and perceptions regarding budgeting and formula funding. The results from the survey show general support for the literature and provide an assessment of viewpoints on the higher education funding formulas currently in place in Texas.