NIC unveils proposed FY2025 budget
North Idaho College Trustee Mike Waggoner during the April 24 board meeting.
KAYE THORNBRUGH/Press
COEUR d’ALENE — North Idaho College trustees took a first look at the proposed budget for fiscal year 2025 and examined options for how to cover an anticipated net deficit of $5.2 million.
The $55 million proposed budget does not include an increase in student tuition, nor does it include a base property tax increase. About $1.2 million, which is expected to be covered by state funds, will provide the equivalent of a 3% pay increase for full-time and part-time employees.
Meanwhile, about $4.1 million will be budgeted to cover anticipated expenses associated with NIC’s return to the National Junior College Athletics Association. The budget assumes that all 152 of NIC’s student athletes will fall into the highest tuition rate schedule, about $10,000 per semester, and that the college will cover their tuition, room and board, books and a round-trip flight.
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