Tag: OPEB

City College Faces $22.5 Million Budget Deficit and Threat of State Take Over

August 25, 2021September 14, 2021 The Guardsman board of trustees, Alan Wong, Higher Education Emergency Relief Fund, john rizzo, HEERF, academic senate, COVID-19, California Community College Chancellor’s Office, pandemic, cantonese, ESL, English as a Second Language, Other Post-Employment Benefits Retiree Trust, shanell williams, Aliya Chisti, AFT2121, Wynd Kaufman, Wise, Erin Blackwell, Sarah Berjan, CARES Act, Tom Temprano, OPEB, Tom Boegel, John al-Amin

State auditors in early April warned the California Community College Chancellor’s office to act quickly in order to remain independent, deeming the college “not currently stable,” citing its ineffective attempts at reducing its costs necessary to supplement the 35% enrollment decline over the past eight years, which resulted in the college tapping into its reserves.

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A Many-Faceted Financial Fiasco

February 9, 2021February 10, 2021 The Guardsman London Breed, Carole Meagher, John al-Amin, board of trustees, Workforce Education and Recovery Fund, budget, Annette Mullaney, Gordan Mar, john rizzo, Enrollment Management Committee, Michael Needham, seiu local 1021, Wynd Kaufman, Athena Steff, aft 2121, Malaika Finkelstein, Full-Time Caucus, academic senate, Erin Blackwell, David James, accreditation, multi-year Budget and Enrollment Plan, Budget Committee, ACCJC, Other Post-Employment Benefits, accrediting commission for community and junior colleges, OPEB

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.