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BENTON HARBOR, Mich. – �黨�ǿ�mv's Board of Trustees has approved the college's General Operating Fund Budget for Fiscal Year 2027 (FY27), reflecting a 1.86% increase in total spending over the prior year. The budget is designed to support student access and institutional quality while maintaining a commitment to sound financial stewardship. "LMC has always been a careful steward of public dollars,” said Dr. Ken Flowers, President, �黨�ǿ�mv. “With budget negotiations still unresolved in Lansing and economic uncertainty at both the state and national level, this spending blueprint reflects the cautious, deliberate planning our students and community deserve."

The FY27 budget is prepared on an accrual basis of accounting, consistent with the college’s audited year-end financial statements. The budget projects a modest net result surplus ratio of 0.03%, in line with the college’s goal of maintaining a small annual surplus to weather unexpected downturns and fund strategic opportunities.

Tuition and fees reflect an approximate 3% rate increase for Academic Year 2026–2027. Traditional enrollment billing hours are budgeted flat due to ongoing demographic trends in the region, while Middle College and Direct Credit hours are projected to grow 1.5% as a result of expanded early college outreach. The college plans to award more than $699,000 in Foundation scholarships to over 100 students. "LMC has achieved three consecutive years of enrollment growth among traditional students which is a remarkable accomplishment given the declining demographics across our region. Building on that momentum, the college is increasingly focused on expanding access for adult and non-traditional students, ensuring LMC remains a vital resource for learners at every stage of life," said John Grover, Chair, LMC Board of Trustees.

State appropriations are budgeted approximately 2% above FY26 actual revenues, pending final approval of Michigan’s state budget.

At 68% of total expenditures, personnel costs reflect both competitive wages and a robust employee benefits package. Wage increases this year are guided by the federal cost-of-living adjustment and findings from a pay equity study completed in FY26. LMC's comprehensive benefits are a meaningful part of employee compensation and a demonstration of the college's ongoing investment in its workforce.

Capital investment and debt payments account for 9% of expenditures and include $800,000 for routine capital projects, $1,500,000 for major capital projects, and $1,198,000 for debt principal and interest. The college’s total debt as of June 30, 2026, reflects ongoing investment in campus infrastructure.

About �黨�ǿ�mv
�黨�ǿ�mv is a comprehensive community college serving Berrien County and surrounding communities from its main campus in Benton Harbor, Michigan. LMC offers associate degrees, certificates, and workforce training programs designed to help students reach their academic and career goals. For more information, visit lakemichigancollege.edu.