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NJ S2479
Bill
Status
2/5/2024
Primary Sponsor
Kristin Corrado
Click for details
AI Summary
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Public higher education institutions must develop a cost diagnostic analyzing the past 10 years to identify key cost and revenue drivers by administrative function and academic program, including impacts on tuition and student fees
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The Secretary of Higher Education must create a common measure of administrative productivity, and institutions must biennially analyze and report their productivity rates using this measure
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Institutions must conduct biennial reviews of their organizational structure to identify cost-reduction opportunities, including potential shared services for fiscal, human resources, and IT functions between units or institutions
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Biennial space utilization studies are required to identify opportunities to reduce energy, maintenance, and other costs from underutilized facilities
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Faculty productivity reports must be published biennially on institution websites, including courses taught per faculty member, teaching assistant usage, percentage of time spent on research, and publications/creative works
Legislative Description
Requires public institution of higher education to study cost drivers, administrative productivity, organizational structure, space utilization, and faculty productivity.
Higher Education
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee
2/5/2024