As part of its plan to close a $41-billion budget deficit, California will delay providing $540-million in aid to its community colleges this year, forcing them to come up with the money for several months while the state waits for more revenue to come in. Payments that would normally arrive in the spring will be on hold until July, and payments scheduled for July will be delayed until October.

The delay affects most state agencies, including the University of California. But it puts an especially severe strain on the state’s 110 community colleges, which have less room in their budgets for discretionary spending than their larger counterparts do, and only enough reserve funds to survive short-term emergencies.

Read full article [here].
by Josh Keller, The Chronicle of Higher Education.

Posted: March 6th, 2009, by: admin. Categories: . Awaiting Comments.