Kevin Dougherty and Vikash Reddy are the authors of Performance Funding for Higher Education: What Are the Mechanisms What Are the Impacts (Jossey-Bass, 2013). Dr. Dougherty is Associate Professor of Higher Education and Education Policy at Teachers College-Columbia University and Mr. Reddy is a Senior Research Assistant at the Community College Research Center.
In their book, the authors explore past research on performance funding in higher education, a practice where state governments tie university or college budget allocation to certain indictors–like graduation rates, remedial education, or drop out rates. This kind of funding has been around since the late 70s, but has not really taken off in the national discussion, even as around 25 states have some kind of performance funding for their higher education system. Dougherty and Reddy chronicle an expansive of past research on performance funding, dating back to 1979. The book provides a sprawling landscape, yet a concise explanation, of the discourse in the higher education sector for this type of budgetary reform policy.