Quincy At its regular meeting on Wednesday, the John Wood Community College Board of Trustees approved a preliminary balanced budget of $19.5 million for the upcoming fiscal year.
A six percent increase in the number of credit hours offered to JWCC students over the 2024–25 budget is projected in the proposed 2025–2026 year budget, which also contemplates a zero-dollar rise in tuition and universal fees.
According to JWCC President Bryan Renfro, we have maintained tuition levels for the third consecutive year. According to JWCC President Bryan Renfro, more than half of our students are able to attend for free thanks to private scholarships and federal and state grant help. This accomplishment demonstrates our commitment to maintaining affordable tuition so that everyone can enroll.
Since tuition and fees make up 44% of JWCC’s overall revenue, enrollment determines the majority of the institution’s budget. Eleven percent comes from governmental revenue, six percent comes from facility rentals and other sources, and 39 percent comes from corporate and personal property taxes.
It is anticipated that state funding will drop by almost 15% to $2,077,360 from the $2,454,961 allocated amount for the previous fiscal year.
The municipal property tax rate was reduced by about 1 cent per $100 EAV by JWCC compared to the prior year. An estimated $665,898 in operating revenue will be generated by an increase in the equalized assessed valuation of district property.
The public will have 30 days to examine the 2026 budget. The Board will formally adopt the budget during its July meeting.
In further matters, the Board:
- Approved renewal of the United Way Partner agreement for Fiscal year 2026.
- Approved request of student account Write Offs for $52,177.45.
- Approved adoption of a $9 million bond level for the School Treasurer s Bond with THE HARTFORD through the Illinois Community College Risk Management Consortium.
- Approved authorization to enter into a one (1) year sublease agreement with the Regional Office of Education for space at the Southeast Education Center.
- Approved adoption of the 2025-2026 college catalog.
- Approved hiring a search firm to conduct the presidential search vacancy.
- Approved Letter of Employment Agreement for Interim President with Josh Welker.
The following meeting will take place at the JWCC Quincy campus on Monday, July 28 at 6:00 p.m.
