Governor and General Assembly can provide to offset pension cost increases and help maintain affordability and access for Kentucky citizens.
The Council on Postsecondary Education requested Performance Funding as part of the 2012-14, 2014-16 and 2016-18 biennial budget submissions. For the upcoming 2013-20 biennium, the Council is once again recommending appropriations for performance funding.
The enacted 2016-18 Budget of the Commonwealth (HB 303) directed the Council to establish a Working Group comprised of university presidents, the KCTCS president, the Council president, and legislative leaders and the Governor, or their representatives, and charged that group to develop a new comprehensive funding model for distributing state appropriations for postsecondary institution operations.
Council staff recommends appropriations of $18,937,500 in 2018-19 and $36,512,200 in 2019-20 to support a new performance funding model.
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