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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.

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

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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.


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