JCC's 2012-2013 budget was approved by the college's board of trustees on June 19. The new budget, which totals $33,994,003, is 2.5% larger than the college's original 2011-2012 spending plan. JCC's new fiscal year begins September 1, 2012.
“Given the continued economic uncertainty in our state, country, and throughout the world, this was yet another challenging budget to build,” said JCC President Gregory T. DeCinque. “The approved budget includes a state aid amount of $2,272 per full-time equivalent (FTE) student.
“While up over last year, this rate only partially offsets the cumulative reduction of $553 absorbed from mid-year during 2009-10 through last year,” Dr. DeCinque said. “While we are grateful for this year’s increase, the per FTE rate is still well below the 40% commitment the state made many year ago, and there is no firm commitment to further restore state aid in the future. The state is striving to reach a 33% level of participation.”
The new JCC budget will increase full-time New York resident tuition by $75 per semester.
“As maintaining access to higher education is always a priority for us, we are mindful of the impact of tuition increases on our students,” said John Garfoot, JCC’s vice president and dean of administration. “We believe this increase will be offset by financial aid for most of our students, particularly those in greatest need. Students at many of the State University of New York’s community colleges will see similar increases, as will students attending other two- and four-year colleges and universities across the nation.”
College officials built the new budget on a projected FTE enrollment of 3,375 which is a decrease from the 3,515 FTEs on which last year’s budget was based.
“The budget is based on a smaller entering freshman class due to a decline in regional high school graduates,” noted Dr. DeCinque. “We believe it is wise to continue to be conservative with the enrollment estimates upon which our budget is based.
“This budget will permit us to maintain the same high quality education on which JCC has built its outstanding reputation for over 60 years,” he added. “The fact that The Chronicle of Higher Education recently cited JCC as the top performing community college in the state is an indication that every dollar within the college’s budget is managed wisely, returning a strong investment to our students and the communities we serve. The new budget will allow us to keep the promise we make to connect students to their goals by providing challenging educational experiences in a caring environment.”