email mobile

Michael Patrick Shiels
WSJM-FM 94.9

Posted: Tuesday, 24 June 2014 7:40PM

As Enrollment Begins To Slow, LMC Board Approves 2014-15 Balanced Budget

The Lake Michigan College Board of Trustees has approved a balanced $31.5-million budget for 2014-15. It reflects a two-percent decrease in revenue compared to the current fiscal year which ends June 30. College President Dr. Bob Harrison says enrollment is settling back to pre-recession levels, a trend many Michigan community colleges are experiencing.



Harrison says the college has been anticipating this to happen for some time.



Declines in anticipated tuition and fees will be partially offset by slight revenue increases in state appropriations of $185,000, improved operating income from auxiliaries, and a modest one-percent increase in property taxes of $149,000.

WebReadyTM Powered by WireReady® NSI

A   A   A