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News from the Illinois Valley

New IVCC budget shows drop in both revenues and expenses

Posted by wlpo on August 19, 2016

Despite some cost cutting steps and raising tuition rates, it looks like Illinois Valley Community College will go another year with more expenses than revenue.

The board of trustees has approved a new budget with $32.8 million in revenue and $33.5 million in expenditures. Revenues are 2 percent lower than last school year while expenses are down by more than 7 percent.

To balance the budget, the board will shift around some money and dip into their reserves.

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