Colorado HB1345 changes higher education funding allocation, renaming "performance funding" to "results-informed funding" and adjusting metrics for.
Colorado HB1345 modifies the higher education funding allocation model, effective for the 2027-28 state fiscal year. The bill renames "performance funding" to "results-informed funding" and redefines metrics used for funding calculation. It introduces new metrics such as resident student full-time equivalent enrollment, credential completion, and resident Pell-eligible student population share. The bill also reorders the components of funding calculation, eliminating the requirement for sequential calculation.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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