Website to track performance-based budgeting

Stack of money next to rulerNIU’s Division of University Relations launched a new website today to monitor and report activity in Springfield related to performance-based budgeting.

Beginning in Fiscal Year 2013, the Illinois Board of Higher Education budget recommendations to governor and the General Assembly will include allocations to public institutions of higher education based on performance metrics.

The IBHE’s Higher Education Performance Funding Steering Committee is devising a system for allocating a percentage of state higher education funding support based upon performance in achieving state goals related to student success and certification and degree completion.

Performance based budgeting is also known as outcome based budgeting, an approach that is increasingly gaining support in states throughout the nation. Incentives come for graduating students, not just enrolling them.

University Relations will update the new website as needed.

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