SPC regents get overview of proposed budget

Preliminary budget figures were discussed and bids for a construction project were accepted Thursday by regents at South Plains College.

Dr. Kelvin Sharp, college president, said the proposed  budget calls for spending 0.4 percent more in 2013-2014 than in the current fiscal year.

Expenditures are estimated to  go up $208,403, to $46,747,158 in the coming budget year.

Sharp said there has been a lot of news about increases in funding for education in Texas. He said that is not the case for SPC.

‘We didn’t,’ he said, adding that the college could lose about $34,000 in state funding in the new budget year.

He attributed the decline to a drop in enrollments.

Sharp said it isn’t known at this time how much the college will receive in retirement funding and health insurance coverage from the state.

He took regents through an overview of proposed expenditures for the various departments.

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