The Sheridan City Council Monday night unanimously approved a funding match by Whitney Benefits that will allow for Sheridan College to expand their faculty in the field of career technical education. Sheridan Mayor Dave Kinskey.
Whitney Benefits pledged one-half of the $2 million that is needed over a five-year period to hire four full-time instructors that specialize in career technical education. Mayor Kinskey says that he's confident that others in the community will step up to provide the remaining matching funds.
In total, the funding match by the City is for $250,000 that will come out of the one-cent economic development fund. $62,500 comes from fiscal year 2012 contingency funds rolled over into fiscal year 2013. The City will also use the one-cent funds in the amount of $62,500 in fiscal years 2013, 2014 and 2015 to match funding by Whitney to fund one faculty position at the College.