Digging into reserves and making several cuts, Southwestern College’s governing board adopted a 2012-13 budget last week at its regular meeting. Trustees unanimously approved a $79.26 million budget. The college’s revenues are $77 million. To cover the deficit, trustees implemented a 5 percent pay reduction for all employees, including themselves, and drew $1.7 million from the college’s $5.7 million in reserves. In addition, more than 550 classes were whittled from the 2012-13 fall and spring schedule compared to the offerings last year. Reductions were also made in the purchase of supplies and in part-time faculty hours.
http://www.utsandiego.com/news/2012/sep/18/southwestern-college-adopts-2012-13-budget/
