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ERIC Number: EJ919386
Record Type: Journal
Publication Date: 2011
Pages: 4
Abstractor: ERIC
ISSN: ISSN-1067-1803
The Revenue Imperative: Finding New Funding Streams in the Face of Budget Cuts
Fernandez, Kim
Community College Journal, v81 n4 p26-29 Feb-Mar 2011
By all accounts, 2010 was a watershed year for community colleges. President Obama touted the role these institutions play in putting Americans back to work, and widespread enrollment increases lent credibility to the notion that students at long last are realizing the benefits of two-year quality and value compared with the higher price of four-year prestige. As community college leaders attempt to build on that momentum, one seemingly perpetual challenge stands in the way: funding. The faltering economy hasn't helped. Despite universally packed classrooms, the nation's two-year colleges are bracing for deep budget cuts this year and next. The nonprofit Center on Budget and Policy Priorities reports that 44 states and the District of Columbia are projecting severe cutbacks totaling more than $125 billion through F.Y. 2012, with a significant chunk likely to come from education. The extent of the recession is still unknown, and most state budgets remain in flux. But one thing is clear: If community college leaders are to secure the funds necessary to take their institutions to the next level, that money is likely going to be found somewhere other than state and federal coffers. That's where identifying new revenue streams, particularly through fundraising, can help. The author discusses how community colleges are finding new funding streams in the face of budget cuts.
American Association of Community Colleges. One Dupont Circle NW Suite 410, Washington, DC 20036. Tel: 202-728-0200; Fax: 202-833-2467; Web site:
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A