Ball State University is taking steps to reinvest in programs and manage resources with a new incentive-based budget model. The strategic plan will take a decentralized approach to the university’s budgeting and will be made public in January 2019.
The Strategic Planning Committee proposed five long-term goals to be met in 2040, along with short-term goals to be met by 2024. The Ball State University Board of Trustees approved the plan and the university has partnered with Huron Consulting Group Inc. to create a new budget model.
“The new model will incentivize all colleges and units to promote student success, stimulate strategic growth, encourage innovation and entrepreneurship, and support academic excellence,” said President Geoffrey S. Mearns.
You can learn more about the about the new plan by clicking here.