FAMU, FSU in line to receive millions in performance-based funding

The 11 state universities in line for performance-based funding for 2020-21 will be receiving millions of dollars for meeting standards determined by the Board of Governors.

The board’s Budget and Finance Committee will discuss the allocations during its meeting Thursday, ahead of the full board teleconference that will be dominated by a discussion on guidelines for reopening of Florida’s public universities this fall.

The total amount available for performance-based funding, determined by how well universities perform on a series of metrics approved by the BOG, is $560 million.

Of that, $295 million comes from the total contributions from each state university and $265 million approved this year by the Legislature.

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