Performance Based Funding

Brian Jackson/123rf Stock Photo

Update: The bill has cleared the state Senate and how heads to the House.  

The much-discussed “performance-based funding” legislation for Kentucky’s colleges and universities is headed to the full state Senate. The Appropriations and Revenue Committee offered its backing Tuesday.

Murray State University

As legislators debate Gov. Matt Bevin’s proposed budget, which includes a 9-percent cut to higher education funding, university leaders are working to convince lawmakers of the impacts the cuts would have. Meanwhile, education officials are contemplating a switch to a performance-based funding model.

Matt Markgraf, WKMS

Murray State University has released an outline of on-going plans responding to Governor Matt Bevin's recommended budget implementing cuts across the state and a performance-based funding model.

Jeremy Wilburn / Flickr (Creative Commons)

The state Senate recently approved a bill that would tie higher education funding to Kentucky universities’ ability to produce more and better graduates.

Critics of the present funding model say that schools are funded with an outdated system that doesn’t account for adjustments in enrollment numbers and graduation rates.

Kentucky’s public universities could receive money based on their performance under a new initiative being developed by the Council on Postsecondary Education. 

Under the proposal, universities that award more degrees and graduate more minority or low-income students could be eligible to receive more money from the agency, said Council President Bob King noting that the initiative is not yet finalized.