Directs Secretary of Higher Education to establish performance-based funding plans for public institutions of higher education.

This bill requires New Jersey's Secretary of Higher Education to create performance-based funding plans for public colleges and universities. It ties a growing percentage of state operating funds (starting at 5% in 2019 and reaching 25% by 2023) to specific student success metrics. County colleges must meet goals like student credit completion and associate's degree attainment, while four-year schools focus on graduation rates, STEM degrees, and reducing achievement gaps. The plans must be transparent, with annual public reporting of each institution's performance and funding allocation.