UTICA, N.Y. — The newly approved budget for Mohawk Valley Community College (MVCC) includes a freeze on tuition and student fees and no layoffs.
The 2019-20 tuition cost for full-time students who are New York residents, U.S. active military members and dependents is $2,297 per semester. The cost for out-of-state and international residents is $3,446 per semester, according to the MVCC website.
The MVCC board of trustees approved the budget for the 2020-2021 fiscal year, which begins Sept. 1.
(Sponsored)
The Influence of Economic Uncertainty on Business Value
Businesses face uncertain conditions today, including geopolitical and cybersecurity risks, inflation concerns, environmental issues, and a lack of clarity about future tax laws and interest rates. Here’s an overview of
What Distressed Property Owners Might Expect From the IRS
The commercial real estate market has been rough for some time, and the residential market has seen wild fluctuations. Inflation, high interest rates and decreased demand for office space have
“In light of projected enrollment declines,” the more than $50 million budget includes a reduction in state aid due to the COVID-19 pandemic. The spending plan is also nearly 2 percent smaller than the current budget, with no aid increase from Oneida County, the community college said in a release.
MVCC closed the gap through a combination of reductions in department operating budgets, programming, and not filling job vacancies. The school also was able to “identify and allocate” one-time funds from the MVCC Foundation, Auxiliary Services Corp., and its budget fund balance to further close the gap.
MVCC received its CARES Act grant funding allocation of $2.1 million and plans to later apply it to the fund balance, “if permitted to do so,” in anticipation of an additional 20 percent to 50 percent mid-year cut to the college’s base state aid, the school said.
