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Mid State reports strong midyear finances; board flags forecast risk
Summary
Board members heard that Mid State’s revenues are pacing ahead of expectations through January 2026 ($35.2M YTD, 60.6% of budget) with expenditures lagging; the finance committee said reserves remain strong but noted concern about future financial forecasts to be addressed during budget work.
At its President’s Day meeting, the Mid State Technical College board reviewed the finance and infrastructure committee’s midyear report covering results through January 2026.
The chair reported total revenues recognized year to date were $35,200,000, representing 60.6% of the annual budget, with revenues outpacing expenditures by about $4,800,000.…
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