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Dive Brief:
- Although enrollment at community colleges has been declining for about a decade, property tax revenue and state funding have kept their operations stable, according to a recent report from Moody’s Investors Service shared with Education Dive.
- Operating revenue growth at community colleges rose to 1.4% in the 2018 fiscal year from 0.9% the year before. Those gains were largely from increasing property tax revenue spurred by economic growth.
- Those trends helped keep community colleges’ median operating cash flow margin at 11.7% for the second-straight fiscal year, despite median expenses outpacing revenue growth.
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