Louisiana Senate Bill SB337

Louisiana 2014 Regular Session

• Introduced: 3/10/14
• Refer: 3/10/14
• Report Pass: 3/24/14
• Engrossed: 3/27/14
• Refer: 3/31/14
• Report Pass: 5/6/14
• Enrolled: 5/27/14
• Chaptered: 6/4/14
• Passed: 6/4/14

Caption

Provides for the development of an outcomes-based funding formula for postsecondary education. (gov sig) (EN INCREASE GF EX See Note)

Impact

The implementation of SB 337 is expected to significantly influence how financial resources are allocated to public postsecondary institutions. By focusing on performance outcomes such as graduation rates, retention, and alignment with job market demands, the bill seeks to create a system that incentivizes institutions to enhance their educational offerings and improve student success rates. This approach aims to address the current shortfalls in educational attainment in Louisiana and potentially alter the state's educational landscape positively.

Summary

Senate Bill 337 aims to establish an outcomes-based funding formula for public postsecondary education institutions in Louisiana. The bill emphasizes the importance of aligning educational outcomes with economic workforce needs and the necessity of increasing the number of residents with postsecondary degrees to enhance the state's economic health. The formulation of this funding strategy is intended to ensure equitable distribution of state educational funds based on performance metrics and outcomes, enhancing accountability among institutions.

Sentiment

Discussions surrounding SB 337 appear to reflect a generally supportive sentiment towards improving the outcomes of postsecondary education in Louisiana. Proponents of the bill argue that it will encourage educational institutions to become more effective and efficient in preparing students for high-demand careers. However, there may be concerns about the ability of institutions to meet these performance metrics within existing financial constraints, potentially leading to pushback from some educators and administrators unfamiliar with the changes.

Contention

Notable points of contention regarding SB 337 may include the challenges associated with defining and measuring the appropriate performance metrics and the potential for sudden shifts in funding levels that could impact institutions adversely. Additionally, the bill's requirement for a timeline for the funding formula's implementation raises questions about compliance and adaptability among various institutions, particularly smaller colleges that may face barriers in meeting new expectations. Overall, the bill strives to balance the need for accountability with the unique circumstances of each postsecondary institution.