Community Colleges Chief Hails Surplus
Saying that financial losses at the Los Angeles Community College District “seem to have been reversed,” California Community Colleges Chancellor Thomas J. Nussbaum held a joint news conference with district officials Wednesday to applaud projections of an $8.3-million surplus in the current year’s budget.
“We can’t declare the district off the watch list. . . . But this is a very important beginning,” Nussbaum said, speaking at Los Angeles Trade-Technical College. Nussbaum and several members of the state Board of Governors toured campuses and met with Los Angeles trustees during a daylong visit to the district.
The Los Angeles Community College District has been cutting costs and decentralizing decision-making functions since posting a $13.2-million shortfall last year, said Beth Garfield, president of the Los Angeles Community Colleges Board of Trustees.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.