Education

RVCC Approves 2018 Budget, $4 Per Credit Tuition Increase

BRANCHBURG, nj - The Raritan Valley Community College Board of Trustees has approved a $54.9 million operating budget for FY 2018.

The operating budget anticipates level funding from the State of New Jersey and the Counties of Somerset and Hunterdon.

The budget includes $750,000 in cost savings from an administrative restructuring and attrition, as well as a $4 per credit tuition increase.

Sign Up for E-News

“This budget carefully balances RVCC’s commitment to keeping a college education affordable with the need to invest in academic programs and support services that are critical to our students’ success. It reinforces our dedication to excellence that has been recognized by www.bestcolleges.com. The website recently ranked Raritan Valley Community College as the best community college in New Jersey,” said RVCC President Michael J. McDonough.

The operating budget reflects a 3.3% increase over last year.

The budget anticipates funding for the operating budget would come from the following sources:

Tuition and fees                                              63.8%

State of New Jersey                                       11.3%

Somerset and Hunterdon Counties                24.4%

Other (investments, rentals, etc.)                       .5% 

                                         

(Auxiliary services are not included in these figures)

The new tuition of $147 per credit will take effect for the Fall 2017 semester.

The Board also approved a $3.2M major capital budget and a $750,000 minor capital budget for the upcoming fiscal year. The minor capital budget is designated primarily for campus computer and network-related enhancements. Some of the major components of the capital budget include:

$570,000 for renovations to the College’s oldest building—the Arts Building

$380,000 for improvements to the Planetarium including work on the dome and new seats and flooring

$425,000 for expansion of the Visitors Parking Lot

$400,000 for mechanical upgrades to the original section of the Whitman Science Center

The operating and capital budgets now go to the Board of School Estimate for approval. The Board of School Estimate includes two freeholders from Somerset County, two freeholders from Hunterdon County, and two members of the RVCC Board of Trustees.

Raritan Valley Community College’s main campus is located at 118 Lamington Road.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Hillsborough

Upcoming Events

Mon, June 25, 7:00 PM

Hillsborough Library, Hillsborough

West African Dance Workshop: Featuring Live Drums

Tue, June 26, 7:00 PM

Hillsborough Library, Hillsborough

Bang a Drum: Hands-On Drumming Workshop

Mon, July 9, 7:00 PM

Hillsborough Library, Hillsborough

The History of Rock and Roll: How The Beatles Did ...

New Chaplain Appointed to Somerset County Sheriff’s Office

June 21, 2018

SOMERVILLE , NJ - Somerset County Sheriff Frank J. Provenzano recently welcomed the Rev. Joseph Lugo as chaplain of the Somerset County Sheriff’s Office.

Father Lugo was sworn in June 7 by Superior Court Judge Michael J. Rogers at the Somerset County Historic Courthouse.

Father Lugo is a longtime resident of the Bradley Gardens section of Bridgewater. He attended Boston College, Mount ...

Three Reasons Why Tom Malinowski Won't Dump Nancy Pelosi

June 21, 2018

WESTFIELD, NJ - Today Congressional Candidate Jeff Van Drew became the latest New Jersey Democrat to say they won't support House Minority Leader Nancy Pelosi for Speaker of the U.S. House of Representatives.

While Democratic Candidates in New Jersey and across the country have vowed to dump Pelosi, DC Lobbyist Tom Malinowski remains quiet. But don't be fooled. While Malinowski ...