The plan called on the state’s 12 community colleges to cut their budgets by a collective $12.5 million to reduce that deficit and to ensure that the colleges’ comparatively small reserve account of $36.9 million is not depleted. But on Thursday, Richard Balducci, who is chairman of the board’s finance committee, told the panel that the state comptroller had informed the Connecticut State Colleges and Universities that the cost of fringe benefits will be less than expected.
https://www.middletownpress.com/middletown/article/Budget-cuts-mean-difficult-couple-of-years-14028104.php
