Sep 28, 2012 - By Katie Roenigk, Staff WriterCentral Wyoming College is one of two community colleges in Wyoming that will lose state funding this year because of an increase in local assessed valuation.
Ron Granger, CWC's vice president for administrative services, explained the rationale behind "recapture and redistribution," through which CWC could lose an estimated $272,000 in state dollars for fiscal year 2013. Final figures will be presented in October.
"When your local assessed valuation goes up, you're going to receive more local taxes," Granger told the CWC Board of Trustees this month. "If you receive more compared to other community colleges, (the state) will take some state funding and redistribute it."
CWC and Western Wyoming Community College both will lose state funding this year, but Granger said the loss will be offset somewhat in Riverton. CWC will receive an extra $39,000 for fiscal year 2012 because of recapture and redistribution, he said, and the college also will benefit from more local funding due to the increase in property tax values.
"Assessed valuation will give us more local taxes, so this will close to cancel itself out," Granger said. "We'll have close to $20,000 more in the budget as we did in the original budget."
The college already has received funding to match recent growth in enrollment figures. Granger said CWC got $825,000 from state legislators during their last legislative session.
"The board-approved budget reflected this amount, with half of it being carried forward to fiscal year 2014," Granger said. "We set it aside for 2014 because we know we'll have cuts in the state budget then."
Jacquelyn Burns, CWC's assistant dean for enrollment services, said the dollar amount was based on a 45 percent increase in enrollment between 2006 and 2011. She said 2,432 students were enrolled at CWC during the 2010-11 school year.
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