In 2009, the Legislature asked JLARC to explore the feasibility of establishing a transparent link between revenues, expenditures, and performance outcomes for the state’s four-year higher education institutions.  This study identifies available information on revenues, expenditures, and performance; gaps in linking that information; and potential solutions for bridging those gaps.  It also discusses methods for understanding how revenues, expenditures, and performance influence one another.  The study concludes with a description of Washington’s experience with performance agreements and a summary of evaluations of performance agreements completed in four other states.