MS SB3063

Appropriates $233,257,625 from the State General Fund and $80,785,786 from special funds (including $64,785,786 from the Education Enhancement Fund) for Mississippi's 15 public community and junior colleges for fiscal year 2027

Allocates funding through a formula based on full-time equivalency (FTE) enrollment, with weighted factors of 1.0 for academic, technical, and career programs, and 1.19 for associate degree nursing and allied health programs

Designates $32,610,293 for employee life and health insurance, $10,000,000 for the Career and Technical Advantage Program, $10,000,000 for Education Technology, and $6,750,000 for Workforce and Economic Development Support

Provides $6,969,734 for $2,000 salary increases for professors and $15,000,000 from the Capital Expense Fund for construction, repair, and renovation projects distributed among the 15 colleges

Sets performance targets including 33.58 total degrees awarded per 100 FTE enrollment, 90.30% nursing licensure exam pass rate, and 86.15% in-state job placement rate for career/technical graduates