Some community colleges flail after tweak to state funding formula

Tim Goral's picture
Wednesday, November 27, 2013

A change in the state's funding formula for community colleges is creating significant financial challenges for some of them.

A state law passed this year requires SUNY to change a 1973 formula that determines how much counties pay for students at community colleges, with the aim of equalizing their per-student contributions.

This change will provide a boost for most of the schools, which will receive more public money as a result.

But for others, including Hudson Valley Community College in Rensselaer County (a neighbor to Albany County, which doesn't have its own school), the law, with pending SUNY regulations, will likely create a budget shortfall that employees are worried could mean layoffs.

Now, the state and counties are pointing at each other to pony up, and the governments are pointing at colleges to cut costs.

Read more »