Florida Board of Governors approves updates to performance-based funding model

Raymond Rodrigues, Chancellor at State University System of Florida
Raymond Rodrigues, Chancellor at State University System of Florida - State University System of Florida
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The Florida Board of Governors has approved updates to the Performance-Based Funding (PBF) Model and introduced new metrics and goals for SUS 30, the State University System of Florida’s strategic plan. The changes are intended to set higher standards for the system’s universities as they work toward their objectives for 2030.

“As the leading State University System in the nation, now is the time to continue raising the bar,” said SUS Chancellor Ray Rodrigues. “In alignment with university presidents, we are setting the stage for strategic growth across our universities to achieve our 2030 objectives and elevate student outcomes. New benchmarks that encourage continuous improvement ensure that Florida remains the premier destination for students to reach their higher education goals.”

Board Chair Brian Lamb added, “To remain #1, we need to continue pushing ourselves to new heights. Many of our universities are already exceeding expectations in several of our existing PBF metrics, meaning we need to reexamine and update our standards to stay competitive on the national stage. I am grateful for the collaboration across our 12 institutions to implement new goals that hold us accountable and drive our momentum to ensure a strong return on investment for students, families, and Floridians.”

SUS 30 outlines priorities such as mission, vision, values, and focus areas for Florida’s public universities. The newly approved changes will reset performance funding models and align them with these priorities. Updates will take effect in 2026; however, funding allocations based on these models will not change until 2027.

Key aspects of these updates include a revised list of Programs of Strategic Emphasis that will be included in accountability plans starting in 2026. Goals have been set so that at least 45% of bachelor’s degrees awarded are from this updated list and at least 50% of graduate degrees meet this criterion.

Each state university will also identify Areas of Expertise where they can lead both statewide and nationally by focusing resources accordingly.

Additionally, an Iconic Companies list has been approved with the goal of strengthening relationships between major employers and SUS institutions. This aims to address workforce needs by encouraging these companies across various sectors to prioritize hiring graduates from Florida’s public universities.

Further details about SUS 30 can be found at flbog.edu/strategic-plan.



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