Grading the metrics: Performance-based funding in the florida state university system
A policy analysis of Florida’s 10-factor Performance-Based Funding system for state universities. The focus of the article is on the system of performance metrics developed by the state Board of Governors and their impact on institutions and their missions. The paper also discusses problems and issues with the metrics, their ongoing evolution, and political issues related to Performance-Based Funding in Florida. This article provides an example of the growing national movement towards greater accountability and productivity in public higher education, as well as addresses both fiscal and policy issues related in Florida. The Performance Based Funding (PBF) in the Florida SUS focuses on greater accountability in terms of the production of degrees, graduation rates, time to completion, post-graduate income, workforce development and the increased production of degrees in high demand by employers (STEM areas). This article explore the implementation of the PBF plan and its operation, including the metric calculations and finance issues, and explores issues of appropriateness across all state universities. An analysis of the metrics to university elements has also found significant correlations to other university elements such as school size (positive) and the percentage of the population that is Black (negative).
Journal of Education Finance
Cornelius, & Cavanaugh, T. W. (2016). Grading the Metrics: Performance-Based Funding in the Florida State University System. Journal of Education Finance, 42(2), 153–187.