Lone Star College | The Lone Star College board of trustees voted to approve the preliminary 2015-16 budget for adoption at an Aug. 6 meeting. The budget, which includes money to hire 70 full-time faculty, is set to be adopted at the board’s Sept. 3 meeting.
The board approved the budget almost unanimously. Trustee David Holsey voted against it, citing a preference to set a net effective tax rate.
The actual tax rate will not be officially set until the budget is adopted. The rate will not be increased, but whether it will remain the same or slightly decrease will be determined after certified property values in the service area are finalized.
The current tax rate is 10.81 cents per $100 valuation.