SWCC budget: tax levy up half a cent
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.
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