79°FFairFull Forecast

SWCC budget: tax levy up half a cent

Published: Thursday, March 7, 2013 10:13 a.m. CDT • Updated: Thursday, March 7, 2013 10:15 a.m. CDT

Southwestern Community College has proposed its budget for fiscal year 2014, July 1, 2013-June 30, 2014.

The budget proposed a 79.8 cent tax levy, an increase of half a cent from this fiscal year. This year the taxes levied on property are estimated to be $2.04 million, and FY2014the taxes are budgeted at $2.14 million – a $100,000 difference.

A tax levy is the estimated total tax rate per $1,000 of assessed value on property. There is an increase of $6,196,119 in other resources from last fiscal year. According to Teresa Krejci, SWCC chief financial officer, this is because of several factors: SWCC does not have tuitions and other fees set; the budget is taking into account the different projects the college is undergoing, including damage repair from last April’s tornado and remodeling of the instructional center; and the number is an estimate that the college cannot go over, so it is set high.

Other increases include student fees, up $55,098 from $644,902 compared to this year; tuition, set at $5.4 million, a difference of $761,016; and an increase in cooperative programs/services of $3,000,853. Expenditures increased for the physical plant by $2,826,414.

Krejci said there was an “exactly 2 percent increase” in this proposed budget over current year’s. A public hearing to consider the college’s budget is scheduled 5:30 p.m. March 12 at the college’s Administration Center.

More News

Reader Poll

If the 2016 presidential election were held today, which of the top candidates would be most likely to get your vote?
Hillary Clinton
Donald Trump
Bernie Sanders
Jeb Bush