City College Ups Financial Oversight with Monthly Budget Updates

City College is on track to hit its $5.6 million budget deficit target for the current academic year, though 12 of 30 line items are trending above target spending, according to Vice Chancellor of Finance and Administration John al-Amin’s monthly budget update to the Board of Trustees on Feb. 25.

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A Many-Faceted Financial Fiasco

The pandemic has exacerbated the College’s financial woes, with decreased tax revenues and delayed funding from the state, but it is not the genesis of the problem.

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