Higher education leaders in New Mexico are proposing a new system for state funding of universities and community colleges.
The proposal was developed by a team of New Mexico State University administrators. It would have legislators provide colleges and universities with the schools' previous year's allocations but also add incentive funding to reward the schools for performances.
Measurements for the performance-based funding could include completed student credit hours, total research funding and awarded degrees.
The Las Cruces Sun-News reports that the proposal has backing from two- and four-year schools across the state.
Western New Mexico University Joseph Shepard says the agreement on the proposal is "monumental."
Information from: Las Cruces Sun-News.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.