CT HB06919

Establishes a task force to develop a strategic outcomes-based plan for financing higher education aligned with goals and benchmarks set by the Planning Commission for Higher Education.

Plan shall include base funding for public institutions, an investment fund for projects meeting specified criteria, and performance-based funding for public and independent institutions.

Performance-based funding objectives include rewarding institutions for increasing degrees awarded to state residents (especially in workforce shortage areas and to underrepresented populations) and increasing business activity through research, as well as rewarding public institutions for improving productivity and decreasing degree costs.

Task force membership consists of 17 positions including faculty representatives from higher education systems, administrators, legislative leadership, and representatives from the Board of Regents, Planning Commission for Higher Education, and independent colleges.

Task force must submit report with findings and recommendations to the joint standing committee on higher education by January 1, 2016, and shall terminate upon submission of the report or January 1, 2016, whichever is later.