Even More Cuts Planned for HCC - WIFR

The Highland Community College Board of Trustees approved measures to reduce payroll costs for Fiscal Years 2016 and 2017 during a special meeting today. The actions include a reduction in payroll expenses of approximately $506,000 to partially address an estimated $2.25 million shortfall (approximately 10 percent of operating fund revenues) over the course of Fiscal Years 2016 and 2017. The cuts are a direct result of the ongoing State budget impasse in Springfield. Currently in the tenth month of a budget year that has seen no State funding, with little to no chance of receiving the budgeted revenue, Trustees are addressing a fiscal dilemma. It is anticipated that the institution will see a significant reduction in State assistance next year, as well, as compared to years past. “Although this plan will necessitate reallocation of scarce resources, every effort has been made to ensure that the quality of academic programs and services to students are protected,” said HCC President Tim Hood. http://www.wifr.com/home/headlines/Highland-Community-College-Trustees-Approve-Budget-Reduction-Measures-375056531.html