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Gross, Francis M.

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Formula Budgeting and the Financing of Public Higher Education: Panacea or Nemesis for the 1980s? The AIR Professional File No. 3, Fall 1979.

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Gross, Francis M. – 1979

Formula budgeting in the financing of public higher education is examined. Budget formulas are defined as a means of applying predetermined average cost rates to quantifiable institutional program measures in order to calculate the dollar resource requirements for a future year. Seven characteristics of budget formulas are described: (1) their…

Descriptors: Budgeting, Declining Enrollment, Educational Economics, Educational Finance