Warning that higher education is facing a funding crisis next year, Gov. Bill Ritter named businessman Dick Monfort and attorney Jim Lyons on Thursday to chair a new committee and come up with a roadmap for the future of Colorado's 27 public colleges and universities.

"It really is about writing the future of education in this state and higher education in this state. It really is about a master plan," Ritter told college presidents and education leaders at a summit at the Capitol.

Possible solutions include a ballot measure asking voters for a tax increase to fund higher education, a study of efficiency and performance, and giving the Colorado Commission on Higher Education more power to set tuition and eliminate duplicate courses.

The state college system serves about 220,000 students a year.

In October, college presidents agreed they needed to take steps to keep higher education accessible and affordable for Colorado residents following warnings they are facing a "cliff" when federal funds from the stimulus package begin to expire next year.