Florida officials approve performance-based funding for higher education - Brandon Larrabee - The News Service of Florida

A new performance-funding system for state colleges was approved Thursday by the State Board of Education, the latest step in Florida officials' drive to tie money for higher education to how well institutions and their students do. Board members unanimously approved the model, but some did so hesitantly, discouraged by standards that were left out of the model under legislative instructions or did not feature as prominently in the scores colleges receive because of a scarcity of data. The performance system will control how the state divvies up a total of $40 million, including $20 million of new funding for colleges and $20 million in money that colleges were already receiving. In that respect, it resembles a larger performance plan for state universities that started last year. http://www.bizjournals.com/jacksonville/blog/morning-edition/2015/07/florida-officials-approve-performance-based.html