state financing of higher education: the annual sheeo survey
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State Financing of Higher Education: The Annual SHEEO Survey. Fundamental Questions. W hat is the state’s participation rate in higher ed? W hat is each state’s relative capacity for supporting higher education through tax revenues? - PowerPoint PPT PresentationTRANSCRIPT
State Financing of Higher Education:
The Annual SHEEO Survey
Fundamental Questions
What is the state’s participation rate in higher ed?
What is each state’s relative capacity for supporting higher education through tax revenues?
What is the comparative extent of state support? And how is it distributed?
What do families contribute?
What is the total per student funding for the instructional function in each state?
Sheeo’s Plan
Preserving and expanding trend capability of Halstead’s survey
Complete data collection from FY99-present
New analysis from greater data collection
Clear presentation of results
Eliminate confusing and inconsistent terminology
Graphical analysis of state, national & historical trends
Currently receiving completed surveys
Publish this fall
Interstate Comparisons
Halstead’s survey used an indexing system, called the System Support Index, to allow for interstate comparisons.
The System Support Index adjusted for differences in the cost of living and mix of institutional types.
SHEEO is revisiting ways of indexing state data by looking at various ways to adjust for:
• cost of living comparisons
• institutional mix comparisons
Cost of Living Comparisons
Statewide cost of living
Metropolitan average & rural average
Counties with higher education institutions
Institutional Mix Comparisons
Carnegie 2000 Classifications as is
Carnegie segmented by size
Factor/Cluster Analysis alone
Raw DataPopulation
State population from U.S. Census Bureau
High School GraduatesCollected from the SHEFOs
First Time FreshmanCollected from IPEDS
FTE EnrollmentCollected from the SHEFOs
State and Local Government AppropriationsCollected from the SHEFOs
Tuition Revenues Collected from the SHEFOs
Median IncomeState median income of households from the
U.S. Census Bureau
Raw DataCollected Tax Revenue
State and local government tax collections from the Governments Division, U.S. Census Bureau
Adjustment: Projected using previous data and projection rate(ex: 96 x ( ((95/94) + (96/95))/2)) = 98)
Taxable ResourcesPotential taxable sources:TTR = taxable portions of the Gross State Product plus
• income from out-of-state sources • income from out-of-state state residents• select federal $• net realized capital gains
From the Office of Economic Policy, U.S. Department of Treasury
Adjustment: State TTR x US collected tax revenue per capita x State Pop = Tax Capacity or Total Taxable Revenues (Halstead)
Formulas
Productivity
FTE Enroll
HS Grad
State Total Taxable Resources
Tax Res
Pop
System Relative Size
HS Grad
Pop
FTE Enroll
HS Gradx =
FTE
Pop
Student Source
HS Grad
PopState Tax Effort
Tax Coll
Taxbl Rev
State Tax Wealth
Tax Res
Pop
Tax Coll
Taxbl Revx =
Tax Coll
Pop
Wealth Rel. to Enroll
Tax Coll
Pop
FTE
Pop
=Tax Coll
FTE
State Payment Priority
State + Local – RAM Approp
Tax Coll
State Appropriations
Tax Coll
Popx
SL-R App
Tax Coll
FTE
Pop
=SL-R App
FTE
Family Share of Funding
Tuit
SL-R App + Tuit
Tuition Revenues
SL-R App
FTEx
Tuit
SL-R App + Tuit=
Tuit
FTETuit
SL-R App + Tuit1–
Family Effort
Tuit
FTE x Med. Inc.
Total Funding
SL-R App + Tuit
FTE
Tax Res Rel. to Enroll
Taxbl Rev
Pop
FTE
Pop
=Tabl Rev
FTE
Overall Funding Effort
Tax Coll
Taxbl Revx
SL-R App
Tax Coll=
SL-R App + Tuit
Taxbl RevTuit
SL-R App + Tuit1–
SL-R App
Taxbl Rev
Tuit
SL-R App + Tuit1–
=