Community colleges funding formula bill is signed into law by Gov. Kim Reynolds

Des Moines, IA - Today, Gov. Kim Reynolds signed a bill into law to update the Iowa code that determines the distribution of state aid for community colleges between Iowa's 15 institutions. Instead of the previous fixed formula, community college presidents and CEOs will draft the formula each year, requiring agreement from 10 of the 15 leaders.

"I appreciate the willingness of Iowa's community colleges to work together and be responsive to the unique needs of the regions they serve," said Governor Kim Reynolds. "Iowans in every county have access to excellent educational opportunities, and this change will open more doors for students across the state."

The bill outlines that each community college will maintain its current funding amount when the overall allocation is equal or greater than the previous year.

"Community college leadership are the most knowledgeable for responsibly handling the funds because they have the best understanding of how to do so equitably and effectively," said Community Colleges for Iowa Executive Director Emily Shields.

The Iowa Senate passed the bill in mid-March with only one vote in opposition. The Iowa House passed the bill in mid-April with unanimous approval.

The signing at the Governor's Office in the Iowa Capital was attended by community college leaders from across the state.

"We are grateful to the Iowa legislature for their support in enriching the lives of Iowans through education and opportunity," said Todd Holcomb, President at Hawkeye Community College. "Iowa community colleges take their important role in Iowa's workforce and economic development very seriously."