The PACCD adopted budget is a balanced budget without borrowing, while preserving cash needed to make up for the state’s deferrals of payments to all community colleges. The budget adheres to the District’s longstanding policy of exceeding state funding for enrollment by no more than 2%. The budget includes a $10.5 million funding reduction from the state, which includes $1.8 million from reserves to mitigate the impact on classes to students. The adopted budget assumes that no additional funding from the state is forthcoming. If Proposition 30 does not pass in November, no further cuts will be required, since the cuts are already budgeted. If Proposition 30 passes, the state will defer payment of the funds until next June.
http://www.pasadenanow.com/main/pasadena-area-community-college-district-adopts-budget-for-2012-2013-fiscal-year
