Provides for the creation of the Outcomes-Based Funding Task Force. (gov sig) (RE1 +$44,800 GF EX See Note)
The bill impacts state laws by introducing a systematic approach to allocating funding based on measurable outcomes such as student retention and completion rates. This is particularly significant, as it shifts the focus from traditional funding methods, which may not account for these critical performance indicators. Additionally, it places expectations on public postsecondary institutions to align their performance with state workforce needs, prompting a potential restructuring of how education institutions function financially and operationally in relation to state objectives.
Senate Bill 117 aims to establish the Outcomes-Based Funding Task Force in Louisiana to develop a funding formula for public postsecondary educational institutions. The bill emphasizes equitable allocation of state funds while closely considering both student performance and institutional outcomes. The task force is tasked with ensuring that the funding formula reflects the alignment of educational offerings with the state's economic development needs, thereby enhancing the workforce. The necessity for increased postsecondary educational attainment to bolster the state's economy is highlighted as a foundational aspect of this legislation.
The sentiment surrounding SB 117 reflects a desire for reform in the public postsecondary education system in Louisiana. Proponents argue that the bill is a positive step towards improving educational quality and economic viability by holding institutions accountable for student success. However, there is contention regarding the potential implications of this funding approach, particularly concerns about whether it might inadvertently disadvantage institutions serving marginalized student populations or create disparities in funding stability across different types of educational institutions.
One notable point of contention in the discussions around SB 117 is the approach to equitably distributing funds based on outcomes. Critics have raised concerns that a strictly outcomes-based funding formula may punish schools struggling with high rates of at-risk students or those serving rural areas. Additionally, the bill establishes that there is no obligation for the legislature to fund the outcomes-based formula developed by the task force, which raises questions about the long-term sustainability and effectiveness of such a funding strategy.