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Arkansas governor touts proposed funding formula for higher education

LITTLE ROCK — Gov. Asa Hutchinson said Friday he supports a proposed new funding formula for higher education set to be considered Friday by the state Higher Education Coordinating Board that would reward schools for outcomes such as increased degree-completion rates.

In a talk to the Downtown Rotary Club of Little Rock at the Clinton Presidential Library, the governor also said he believes the top income tax rate for Arkansas should be 5 percent.

“Right now … 43 percent of our high school graduates go on to some level of post-secondary degree or certificate,” Hutchinson told the club. “Our goal is, and we set this goal, to move that to 60 percent attainment by the year 2025. If we could do that in Arkansas, then we’re going to be driving our economy and increasing our per-capita income at the same time.”

 

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