It appears likely that a multi-billion shortfall in state revenue will force Howard College officials to trim their budget even more in the coming months.
College trustees will hear a report on the uncertain state of projected revenue when they hold their monthly meeting at 12:30 p.m. in the student union building's Tumbleweed Room.
The college's budget has already been trimmed by 10 percent because of projected shortfalls in state revenue, but now it appears those cuts may not be enough, said Dr. Cheryl Sparks, college president.
âWe've been hearing reports that there will be a $25 billion shortfall in state revenue this coming year,â Sparks said. âWe've been 'requested' to make a mid-year 2 percent to 3 percent cut in our budget. That's on top of the 5 percent we've already cut out.
âWe're anticipating at least a 10 percent reduction (in state revenue), possibly even more,â Sparks said. âAnd that's on top of what we've already experienced.â
Sparks said the bad news will likely force HC officials to look for other places to trim money. Nothing, including a hike in tuition and fees, is being ruled out yet.