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Fund Balance Appropriation Authorized for TC3; Public Hearing Rescheduled Regarding 2019-2020 Operating Budget

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Fund Balance Appropriation Authorized for TC3; Public Hearing Rescheduled Regarding 2019-2020 Operating Budget

Tuesday, July 16, 2019

The Legislature, by a vote of 12-1 (Legislator Deborah Dawson voted no; Legislator Rich John was excused) approved use by Tompkins Cortland Community College of $300,000 in balance to help address a revenue shortfall in the College’s operating budget for the current fiscal year.  Projected enrollment for 2018-2019 is less than budgeted, causing tuition revenues to be lower than planned.  As of the end of May, the College’s available fund balance stood at nearly $1.2 million.

Legislators also scheduled a public hearing August 6th, 5:30 p.m. on the TC3 2019-2020 Operating Budget.  The hearing will be held at County Legislature Chambers, located at the Governor Daniel D. Tompkins Building, 121 E. Court Street, Ithaca.  The hearing had initially been scheduled for the July 16th meeting, but was rescheduled due to its inadvertent omission from the meeting agenda.  Action on the Operating Budget is expected at the Legislature’s August 20th meeting.