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Demand for a community college education is booming, yet many institutions are hurting financially as dwindling property tax revenues leave them substantially hiking tuitionIt’s devastating,” said Curtis Ivery, chancellor of Wayne County Community College District, where tuition is rising 16% this year, from $67.65 a credit hour to $79 a credit hour. There, property tax revenue — a large source of funding — is projected to have declined nearly 20% from 2009 to 2010.

Still, community college enrollment statewide is up 20% in the last five years. And these colleges remain a substantially cheaper option than four-year colleges and universities.

“It’s the best deal in town,” said Mike Hansen, president of the Michigan Community College Association.

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