Wednesday, July 14, 2021

Northwest College budget to shrink in coming fiscal year - Kevin Killough, Powell Tribune

 In total, revenues are projected to drop by $11.4 million in the coming 2021-22 fiscal year. Most of that is owed to an $8.7 million drop in restricted revenue sources. That includes pandemic-related federal support, as well as federal grants that have a start date after the start of the fiscal year. State appropriations are expected to drop $566,237 in next fiscal year’s budget. State support was 31% of the college’s budget in fiscal year 2020-2021 and will provide 43% of the college’s revenues in the coming fiscal year. 

https://www.powelltribune.com/stories/northwest-college-budget-to-shrink-in-coming-fiscal-year,32873