Monday, July 27, 2015

Community College Funding Up, Possible Formula Changes Coming

OPB
July 24th, 2015


Oregon’s community colleges are seeing double-digit funding increases for the upcoming school year, thanks to a bump in state spending and a rise in property tax collections. But it may be the last time colleges receive funding under the current funding formula.
Lawmakers agreed to spend nearly $550 million on community colleges over the next two years. That’s up nearly $80 million, over the previous biennium. 
Oregon colleges also benefited from a $33 million increase in local property taxes.
The largest college in Oregon, Portland Community College, saw combined local and state funding jump more than 20 percent. Central Oregon, Chemeketa and Oregon Coast community colleges saw similar increases. 

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