Monday, March 19, 2012
LBCC Faces Devastating Budget Cuts - Long Beach Post
Long Beach City College is struggling to deal with unanticipated mid-year cuts this year, and major cuts in the 2012 – 2013 fiscal year and beyond due to declining budget support from the state and increasing operating costs. “Long Beach City College is facing devastating budget cuts that have been imposed on all of California’s community colleges by the state,” said LBCC President Eloy Ortiz Oakley. “Unfortunately, the news going forward is worse, with millions more being cut, increased student demand, and no new revenues or support projected for several years.” LBCC will need to absorb $3.5 million in unanticipated mid-year cuts this fiscal year. For the 2012 – 2013 fiscal year, LBCC will need to prepare to permanently reduce expenditures by a minimum of $5 million, while developing a contingency plan for an additional $4.8 million cut if the Governor’s proposed November tax initiative fails to pass. In total, LBCC will need to prepare for a potential of $9.8 million in total cuts for fiscal year 2012 – 2013.