OGLESBY – The Illinois Valley Community College board gave final approval to a $37.5 million budget for fiscal 2023. The budget shows an 8 percent increase in revenue over 2022, due to the $4.1 million in additional Higher Education Emergency Relief Funds. The expenses are at $39 million, a 13 percent increase over the previous year due to Emergency Relief Funds expenses. President Jerry Corcoran, who announced his plans to retire in July of next year, said that “By controlling costs we’ve been able to freeze tuition the past five years.”
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