Performance based funding was legislated by the Illinois General Assembly in June, 2012 with Public Act 97-320, which requires public higher education institutions to have a performance funding component in their budget annually. Performance based funding is not about money, but about performance. For community colleges, performance is defined not only by graduation rates, but by entered employment, certificate attainment, persistence, and success towards college level coursework. All community college higher education leaders have pledged to the success of performance based funding.