Thursday, April 26, 2012

Money Off The Top

When I was a kid in the 1950s growing up in Las Vegas, it was always believed that the mob got “first count” of winnings.  They took money off the top and reported what was left.

So it is with the special treatment of the University of Nevada Medical School.  Its budget of $31,425,100 comes off the top of state education funds.  That is about $126,714 per year for each student.  At that point the “funding formula” kicks in to distribute the remainder of state tax funds among the eight institutions. 

The northern legislators, led by Bill Raggio got the “first count” of our tax revenue for their pet project, the medical school.

I wonder if the funding formula committee will take the first count that the medical school gets into account when it develops a new funding formula among the eight higher education system institutions. 

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