Preliminary budget figures for 20-15-16 were reviewed Thursday by the Board of Regents at South Plains College.
Dr. Kelvin Sharp, college president, said the $49.383 million expenditures budget contains a ìfive percent cushion.î
ìI want to keep some cushion,î Sharp said. ìWe hope that enrollments will go up. Itís a fairly conservative budget.î
Regent William Clements asked Sharp about property values for the coming fiscal year.
Sharp said he had received preliminary estimates on Thursday showing a decline of 19 percent.
He said the college intends to keep local tax revenue the same in the coming year. It is pegged at $12,296,433.
The preliminary figures are up 2.8 percent from the current fiscal year.
Sharp said the only way to get more money from the state Legislature is to enroll more students.
ìThat has to be our goal,î he said. ìIt means we have to get a higher participation rate.î