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Some Wyoming community colleges brace for bust [View all]
Some Wyoming community colleges brace for bust
Updated 18 hrs ago
CASPER, Wyo. (AP) — Some of Wyoming's seven community colleges are looking for ways to save money in anticipation of lower state aid and local tax revenue.
"I think they are all cautiously aware that their local revenue will almost certainly decline, and there is a very good chance that state revenue will as well," Matt Petri, deputy director and chief financial officer for the Wyoming Community College Commission, said.
Gov. Matt Mead announced last month that Wyoming would face a $618 million drop in revenue in the next three years because of low prices for energy industry commodities. Mead ordered a partial hiring freeze for state agencies.
Community colleges receive about 60 percent of their revenue from the state based on enrollment. About 20 percent of their budget is made up of tuition and fees, and another 20 percent comes from local property taxes, including volatile oil and gas taxes.
Updated 18 hrs ago
CASPER, Wyo. (AP) — Some of Wyoming's seven community colleges are looking for ways to save money in anticipation of lower state aid and local tax revenue.
"I think they are all cautiously aware that their local revenue will almost certainly decline, and there is a very good chance that state revenue will as well," Matt Petri, deputy director and chief financial officer for the Wyoming Community College Commission, said.
Gov. Matt Mead announced last month that Wyoming would face a $618 million drop in revenue in the next three years because of low prices for energy industry commodities. Mead ordered a partial hiring freeze for state agencies.
Community colleges receive about 60 percent of their revenue from the state based on enrollment. About 20 percent of their budget is made up of tuition and fees, and another 20 percent comes from local property taxes, including volatile oil and gas taxes.
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