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.

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.