The Lane Community College Board of Education approved a three year financial plan that’s aimed at long-term stability at its Wednesday meeting.
The plan would reduce spending by $8 million over the three-year period. Administrators say that would create a 10% ending fund balance each year. That keeps the college in adherence with a board policy for the ending fund balance to be at, equal to, or greater than 10% of total expenditures and transfers.
Some board members expressed reservations, including Vice Chair Jerry Rust, who said he was uneasy, but would vote in favor…