Responding to Budget Cuts with Alternative Sources of Revenue

Topics: Community College, Alternative Revenues, Revenue Enhancement, Administration and Finance

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Research Questions

  • What initiatives are institutions planning on to generate revenue given changing budget dynamics?
  • What efforts have institutions already implemented?
  • How successful have these programs been at generating revenue and what percent have they contributed to the overall budget?
  • What was the process involved in implementing these initiatives; who was involved, what was the timeline, what were the costs?
  • How have institutions identified and assessed potential new revenue streams?

Summary

As community colleges face increased reductions in state and local appropriations, leadership is seeking methods of alternative revenue generation that do not pass the financial burden on to students. This brief identifies a range of methods community colleges use to increase revenue and reduce expenditures to maintain the overall budget.