Central Washington University Board of Trustees February 20, 2020 Executive Summary – Sustainability of Long Term Housing & Dining Rate Increases At the October 18, 2019 Trustee meeting, there was a request from the Board to take a deeper look at the need to raise housing and dining rates above inflation every year. Specifically, the question was asked “is it sustainable to increase rates 5% every year for the next 20 years?” That would effectively double housing and dining rates on campus (ignoring inflation) over twenty years. Is it possible that students can absorb that kind of increase, and won’t we outpace the local housing market? A workgroup was formed shortly thereafter to answer these questions, and produced the accompanying report. The intent of this report is primarily to provide enough information for the Board to make these annual rate increase decisions armed with current and historical context, as well as potential alternatives to rate increases.
Submitted by:
Approved for submission:
Joel Klucking, Vice President Business and Financial Affairs
James. L. Gaudino
President
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