News Release: Florida House
Tallahassee, Fla.—The Florida House Higher Education & Workforce Subcommittee today considered PCB HEWS 14-02 relating to a State University Performance Funding Model. The performance funding model was identified as a priority of the Florida House and Senate as part of the joint “Work Plan 2014” agenda.
“In an effort to keep up with the demands of today’s global economy, universities should be rewarded for providing students with the tools they need to find employment,” said Higher Education & Workforce Subcommittee Chair Jeanette Nunez (R-Miami). “By better linking state university funding with the ability to prepare students for jobs in the workforce, we can reward universities that are helping to fulfill a significant need in Florida’s economy.”
“Our state universities are responsible for providing students with world class educational opportunities that will prepare them to compete and succeed in today’s global marketplace. By creating an incentive-based funding model, we will reward universities that focus on helping students get jobs after graduation, not just framed degrees.” said State Representative Erik Fresen (R-Miami), the bill sponsor.
In line with the shared governance agreement between the Board of Governors and the Legislature, the legislation provides a framework upon which the Board of Governors can assess the performance and improvement of state universities and distribute performance funds appropriated by the Legislature.
The bill specifies that performance funding shall be allocated to preeminent state research universities based on the academic and research excellence standards established by the Legislature to attain preeminent designation in s. 1001.7065, F.S. It also establishes standards for all other state universities that will be used to allocate performance funding, applies the standards to Florida Polytechnic University beginning July 1, 2022, and provides for specific standards that reflect the unique mission of New College of Florida. If passed, the Board of Governors will use these standards to create a performance funding model that allocates the funds to provide rewards and sanctions based on each university’s performance.
In January, House Speaker Will Weatherford and Senate President Don Gaetz announced Work Plan 2014, which included “Economic Opportunity Through Education” as a priority.