California’s budget stalemate forces community colleges to borrow money, lose out on funding

 
The Santa Clarita Valley Signal
 
California’s budget stalemate has forced the state’s community colleges to borrow money and lose out on funding that would go toward offering much-needed classes, college officials said this week.

“In the months since the state budget deadlock began, California community colleges have been forced to survive by borrowing, freezing purchasing, delaying vendor payments and other drastic steps,” said California Community Colleges Chancellor Jack Scott in a statement.

In total, colleges have seen $840 million in deferrals, amounting to 15 percent of their annual funding.

At College of the Canyons, the Santa Clarita Valley’s only community college, administrators have dealt with nearly $44 million in state deferral payments.

“This is our basic funding,” COC spokesman John McElwain said. “This is the money we operate on.”

For instance, a payment to College of the Canyons of $2,147,589 was pushed back by three months.
Full Story>>
 
Read more of today's top stories>>
 

Related Jobs
 
Find More Jobs Like This View All Jobs
   
Vice President for Student Success Services Posting Number: Regular_0091010 Position Title: Vice President...

Vice President for Student Development Services - South Job Title Vice President for Student Development Services -...

Vice President for Academic Affairs - Trinity River Job Title Vice President for Academic Affairs - Trinity River Posting...

Assistant Vice President for Student Success Services Position Title Assistant Vice President for Student Success...

Assistant Vice President - Marketing and Communications POSITION DETAILSBronx Community College (BCC) is looking for a successful candidate to lead...

 
 

Related community college News

Archive