Model for performance-based higher education funding passes Senate

On Wednesday, the State Senate passed SB 153, which brings Kentucky one step closer to adopting a new funding model for the states’ public postsecondary institutions.

The bill is a result of action in the 2016 legislative session that created a working group of university presidents, representatives of the governor and legislative leaders to develop a performance-based funding model for the state’s four-year universities as well as the Kentucky Community & Technical College system.

The group crafted the recommendations found in SB 153.  Three important components of the bill include allocating 35% of the postsecondary institutions’  funding based on degree production and progression toward a degree or a credential. Another 35% would be based on the number of credit hours awarded at each campus. Finally, 30% would be allocated to finance campus services and operations.

During the phase-in stage, 5% of funding would be allocated according to the model. The intent is to eventually allocate 100% of state postsecondary funding based on the performance-based approach.

The bill now moves to the Kentucky House.

Categories: Education, Taxes & Budget, Workforce Development

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