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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.

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