Finance is a scary subject these days, but NRCC continues surviving. Our college has an annual 18 million dollar budget, 10 million of which comes from the General Assembly of the Virginia Community College System. 8 million originates from tuition.
Over the past two years the college has had a 5% cut in the budget each year. This amounts to 1 million dollars. According to Dr. Mark Rowh, Vice President of Planning and Advancement, said this loss has not been noticed by the students because the college has planned for losses. Our college refuses to fill unnecessary positions on campus and persistently moniters its budget.
Many students have asked why the school can install new signs and renovate the lounge while the tuition prices keep rising. Money for these projects comes from a different fund that cannot be spent on other items. These grants contain specific purposes and circumstances.
This year President Barack Obama’s Stimulus Plan halted proposed cuts for 2009. According to Rowh, “the main thing that most students need to remember is that the budget for an institution as large as New River is very complicated and has many limitations.”