Legislative Budget Office and the IHL commissioner presented funding-formula history, recent allocations and university financial health. Members questioned why a prior NCHIMS formula was frozen and asked how to shield institutions serving high-need students while responding to an enrollment cliff.

Members questioned CPE staff about coordination among K‑12 advising efforts, teacher‑prep quality (LETRS/letters training), dual credit transferability and how CPE monitors institutional financial health; CPE said it has visited 85% of districts, is reviewing dual credit courses for transferability, and relies on data systems to spot risks.