Tuesday, May 19, 2020

Grayson College anticipates $1.07M budget decrease for 2021 - Herald-Democrat

Grayson College is currently projecting a $1.07 milllion funding decrease for the next fiscal year, following projected decreases in enrollment and state funding amid the COVID-19 pandemic. The update came last week during the monthly board of trustees meeting in which college staff outlined three possible scenarios for next year’s budget. The talks were intended to serve as one of the first steps toward setting the upcoming budget. “These numbers are very early,” GC President Jeremy McMillan said last week. “I don’t want to say it could be worse than the worst case scenario projected here, but I was on a call this morning that one of my colleagues was budgeting a scenario for a 20 percent reduction in state funding.
https://www.heralddemocrat.com/news/20200506/grayson-college-anticipates-107m-budget-decrease-for-2021

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