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New Mexico Higher Education Funding Formula Equation Explanation

Understand the components of the funding formula equation for higher education in New Mexico, including Total Funding Generated, Institution Base Budget, Market Utilities Adjustment, Weight of SCH, Awards, Workforce, and At-Risk, Outcome, Cost per Outcome, Institutional Share, and more.

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New Mexico Higher Education Funding Formula Equation Explanation

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  1. Dr. Van D. Romero Vice President

  2. New Mexico Higher Education Funding Formula Definition of equation terms: D = Total amount of funding generated by the formula i = Institution Base = Base I&G Budget U = Market utilities adjustment W = Weight (45% of completed SCH, 2% total awards, 3% workforce, 3% at-risk) O = Outcome C = Cost to produce each increment of outcome S = Institutional Share (LGPF, statutory mill levy change) a = Completed student credit hours b = Total number of certificates and degrees awarded in 2009-2010 c = Total workforce awards in 2009-2010 d = Total awards to at-risk students in 2009-2010 n = Number of institutions in a sector s = Sector

  3. Comparative Emissions

  4. Comparative Generation Efficiency Source: American Clean Skies

  5. Economic Development Source: EIA, 2008

  6. The Challenge Technically  Economically Recoverable Recoverable

  7. New Mexico’s Terrestrial Energy Resources Source: NM Bureau of Geology & Mineral Resources

  8. New Mexico Gas Production is Stable… but only because of coal-bed methane production

  9. Technology Play New Mexico was 4th in natural gas production in 2008 and 6th to 8th in oil production over the past 3 years. New Mexico rivals Colorado and Wyoming as the Nation’s top coalbed methane producer, and about one-third of all natural gas produced in New Mexico is coalbed methane.

  10. U.S. Natural Gas Shale Basins Align with Pipeline Grid Source: EIA, US Natural Gas Pipeline

  11. 2000 – 2010 Annual Shale Gas Production Rates and Natural Gas Prices

  12. Oil & Gas Consortium EPAct of 2005 Current Members Pending Members Member list by state on back Updated 5/18/10

  13. Regulation and Opposition

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