State funding to Great Basin and Western Nevada colleges would dwindle by a third if lawmakers support the Board of Regents' recommended budget using a new performance-based formula, starting in 2013. Under a proposed two-year budget, college funding wouldn't be determined by simply counting the number of students enrolled in courses. It would be based on the number of students who successfully complete courses, looking at colleges' output instead of input. And funding would vary for courses, giving more money for classes that cost more to offer, such as science and technology.
http://www.lvrj.com/news/board-of-regents-approves-performance-based-funding-formula-for-colleges-167400845.html
