College of Marin battles $280,000 budget shortfall - Rob Rogers, Marin Independent Journal

Hit by a loss of state funding and local property taxes, College of Marin officials are searching for ways to fill a $280,000 hole in the college's $44.5 million budget. The deficit, though relatively small, marks the first significant financial challenge the college has faced in nearly a decade. "This current economy and the state's budget crisis is having a really negative impact on education as a whole," said college President and CEO Frances White. "This institution has been well-insulated from a financial perspective over the past few years. That's starting to change." Officials expect property tax revenue to plummet by as much as $673,580 from last year's total and state revenue to fall by $356,000.