Shoreline Community College seeking new sources of revenue
Friday, January 7, 2011
By Evan Smith
ShorelineAreaNews Politics Writer
Shoreline Community College is looking for more non-state sources of revenue as State support declines.
College spokesman Jim Hills said Tuesday that College officials have set a goal of having 55 percent of the College budget come from sources other than State taxes. The College now supports about 45 percent of its budget with State tax money.
The College hopes to increase non-State revenue by bringing in more tuition revenue by recruiting more international students, who pay a higher tuition rate than domestic students, and expanding the number of tuition-paying students by offering more on-line classes that attract students from far away.
College officials say that cuts in State support will require the College to cut about 10 percent from its operating budget of about $20 million for the 2011-12 academic year.
The governor has proposed a budget with cuts of about 9.2 percent, and the College expects to have to absorb an additional $300,000 in faculty pension contributions beyond what it expects the State to cover.
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