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Community colleges that receive property tax revenue have stronger operating performances than those that don't, according to a report from Moody's Investors Service.
A profile of the community college sector found that while enrollments continue to decline due to low unemployment, that same economic growth has helped colleges by increasing property tax revenue and state appropriations, stabilizing operating budgets. According to the report, 64 percent of community colleges reported operating revenue growth.
While operating revenue growth remains stable, expenses are still growing. The report shows an increase in the median year-over-year change in annual operating expenses, from 0.6 percent in fiscal year 2017 to 1.8 percent in fiscal year 2018.
Colleges that receive property tax revenue had a median 1.7 percent increase in operating revenue in fiscal year 2018, according to the report. Those without the revenue saw a median 0.3 percent decline.
