Five local chambers of commerce have endorsed Collin College’s $600 million bond proposition, which will be on the May 6 ballot.
The Frisco, Plano, McKinney, Allen Fairview and Wylie chambers of commerce have all publicly supported the bond measure.
The proposed bond package is planned to go toward construction of six facilities: a campus in Wylie, educational centers in Celina and Farmersville, a public safety training center in McKinney, a workforce/university information technology center of excellence on the Preston Ridge campus in Frisco, and a technical training center in Allen. It would also help fund improvements and renovations to existing buildings.
These projects are expected to help the college complete its long-range master plan.
“The college’s recently adopted master plan maps their vision for Collin [College] in the coming years,” McKinney Chamber of Commerce President Lisa Hermes said in a statement. “We support their goal to provide programs and training that is needed from current and future employers.”
This bond package, if passed, would affect Collin College’s property tax rate in one of three ways: decrease the tax rate by 1 cent, decrease the tax rate by 3/10 of 1 cent or increase the tax rate by 1.3 cents.
The college’s current tax rate is 8.122 cents per $100 of property valuation. It is the lowest tax rate in Collin County and the second-lowest tax rate out of 50 community college districts in Texas, according to the Texas Comptroller’s office.
“Collin College continues to be a strong partner for the Frisco business community,” Frisco Chamber of Commerce President Tony Felker said in a statement. “Not only have they provided an affordable opportunity to grow and develop the future workforce, but they are also a key part in fostering a dynamic community that attracts new businesses and residents to the area.”