Chamber and Prichard Committee publish report following higher education funding symposium
Providing information about national research and the front-line experiences of other states was the focus of a recent symposium on performance and outcomes-based funding for postsecondary education in Kentucky.
Performance & Outcomes-Based Funding: Lessons for Accountable Investment for Postsecondary Progress in Kentucky was co-presented on June 29 by the Kentucky Chamber of Commerce and the Prichard Committee for Academic Excellence.
It featured a variety of perspectives from leading experts on the funding model that will become part of Kentucky’s postsecondary budgeting process in fiscal year 2018 under a mandate included in the 2016-2018 state budget. (Under the mandate, 5 percent of the institutions’ operating appropriations in 2018 will be based on the model.)
The symposium offered information on the national context of efforts to tie postsecondary funding to results, the experiences of states that have adopted such an approach, and the challenges of deciding what results to measure and how to ensure accountability for performance. It was presented in support of the efforts of the Postsecondary Education Working Group that is to develop the model by December 1 of this year.
“Our organizations are longstanding advocates of improving the quality of education in the Commonwealth and advancing the educational attainment of all of its citizens,” noted Brigitte Blom Ramsey, executive director of the Prichard Committee, and Dave Adkisson, president and CEO of the Kentucky Chamber.
“We are greatly interested in advancing efforts that tie funding to improved outcomes and presented this symposium to provide information that we hope will be helpful as Kentucky’s funding model is developed.”