The Austin Community College board of trustees met Aug. 1 to approve the proposed tax rate for fiscal year 2016-17.[/caption]
Austin Community College trustees voted 8-0 to approve a proposed tax rate for fiscal year 2016-17 of 0.102 per $100 valuation at a meeting Aug. 1.
The proposed property tax rate for the Austin Community College District—which comprises Austin, Leander, Manor, Del Valle, Round Rock, Elgin and Hays ISDs, as well as the city of Austin, which includes portions of Eanes and Pflugerville ISDs—will be published and presented at two public hearings ahead of adoption of the tax rate.
The proposed 0.102 per $100 valuation rate is an increase from the FY 2015-16 rate of 0.1005 per $100 valuation. The district's proposed maintenance and operations tax rate, which drives revenue for ACC's operating expenditures, is unchanged from the previous fiscal year. However, its interest and sinking tax rate, which covers debt issuance, is proposed to increase from 0.0105 per $100 valuation in FY 2015-16 to 0.012 per $100 valuation in FY 2016-17.
ACC trustees are set to adopt the tax rate at the board's Sept. 6 meeting.
The Austin Community College board of trustees met Aug. 1 to approve the proposed tax rate for fiscal year 2016-17.[/caption]
Austin Community College trustees voted 8-0 to approve a proposed tax rate for fiscal year 2016-17 of 0.102 per $100 valuation at a meeting Aug. 1.
The proposed property tax rate for the Austin Community College District—which comprises Austin, Leander, Manor, Del Valle, Round Rock, Elgin and Hays ISDs, as well as the city of Austin, which includes portions of Eanes and Pflugerville ISDs—will be published and presented at two public hearings ahead of adoption of the tax rate.
The proposed 0.102 per $100 valuation rate is an increase from the FY 2015-16 rate of 0.1005 per $100 valuation. The district's proposed maintenance and operations tax rate, which drives revenue for ACC's operating expenditures, is unchanged from the previous fiscal year. However, its interest and sinking tax rate, which covers debt issuance, is proposed to increase from 0.0105 per $100 valuation in FY 2015-16 to 0.012 per $100 valuation in FY 2016-17.
ACC trustees are set to adopt the tax rate at the board's Sept. 6 meeting.
