College of The Redwoods - Finances

Finances

Beginning with the passage of Proposition 13 by California in 1978, College of the Redwoods and most public institutions in the state have suffered declining revenue, and this has continued following the Dot-Com Bust. All of this occurs while simultaneously suffering increasing costs due to inflation, population growth, and increasingly unfunded state and federal mandates. In 2006, voters passed Bond Measure Q/B (Ballot Measure Q in Humboldt, northwest Mendocino and western Trinity counties; Ballot Measure B in Del Norte County) to allow issuance of $40,320,000 in bond funding to upgrade and renovate facilities at the main campus in Eureka and the branch campuses in Crescent City and Fort Bragg. Measure Q Bond Funds were also used to acquire the Garberville Site in Southern Humboldt County.