by Andrew Henderson
Students at Cayuga Community College in Fulton might have to dig deeper in their pockets next year.
During its meeting Wednesday, the Cayuga Community College Board of Trustees approved the college’s 2013-14 budget, which includes a 3.5 percent, or approximately $140 a year, increase in tuition.
The 2013-14 annual tuition will be $4,090 for full-time students, and the part-time rate will be $165 per credit.
The $30.32 million budget represents a 6.3 percent decrease over last year’s $32.36 million budget and is based on an enrollment goal of 2,900 full-time equivalents, which represents an approximately 7.5 percent decrease in the actual number of 3,137 in 2012-13.
“In response to budgetary and enrollment shortfalls during the 2012-13 year, we have put together a fiscally conservative budget that is based on an expectation of lower enrollment than we experienced during the country’s economic recession a few years ago,” said college President Daniel P. Larson.
“As the economy picks up, more people find work and put off going to college or become part-time rather than full-time students,” he continued. “Cayuga, like peers across the country, experienced record growth during the economic recession and we’ve seen that taper off. Based on that information, we needed to scale back our enrollment expectations and operating budget, and I believe this budget incorporates those changes.”
This year, the college needed to reduce expenditures of its $32.36 million operating budget by approximately $1.5 million before the end of the fiscal year Aug. 31 to help make up for a five-percent enrollment decrease.