Collin College tax rise proposed

by | Aug 15, 2018 | Education, Latest

Collin College trustees propose increasing the property tax rate by a fraction of a penny to help fund a proposed fiscal year 2018-‘19 budget of $285.7 million.

The board of trustees will conduct the first of two meetings on the tax rate at 5:30 p.m. Thursday, Aug. 16 in Collin Higher Education Center, 3452 Spur 399, McKinney. A second public hearing on the tax rate is set for Tuesday, Aug. 21.

Trustees are proposing a 2018 property tax rate of 8.1222 cents per $100 assessed valuation, a little higher than the 2017 levy of 7.819 cents.

Effective tax rate, the levy needed to raise the same amount of revenue as in the prior year, is 7.27052 cents. The rollback rate is 8.1226 cents.

The proposed 2018 tax rate is broken down into 7.8194 cents for maintenance and operations, plus 0.03032 cents for debt service.

Revenues calculated for the 2018-‘19 budget are $287.7 million, slightly more than estimated expenses.

From Staff Reports • [email protected]

For more stories like this subscribe in print or online. 

0 Comments

Related News

New maps take effect Jan. 18

New maps take effect Jan. 18

Following the 2020 Census, the Texas Legislature completed the important task of redrawing the electoral maps to be used over the next decade. Three new laws are set to take effect Jan. 18 following their approval during the 87th Legislature. House Bill 1, which sets...

read more
Date set for grand opening of new municipal center

Date set for grand opening of new municipal center

The long-awaited debut of the new Princeton Municipal Center will soon be a reality. Council announced a tentative grand opening date for the new Municipal Center at its Monday, Jan. 10 regular meeting. City Manager Derek Borg initially proposed Mar. 4,...

read more
Princeton to host blood drive

Princeton to host blood drive

As the country enters a new year, blood reserves remain critically low and city officials are asking Princeton residents to answer the call for donations. Princeton is hosting a blood drive in partnership with Carter BloodCare Tuesday, Jan. 25.  Residents can donate...

read more
County livestock show opens next week

County livestock show opens next week

Pigs, cattle, sheep and goats will parade around the show ring next week to be judged in the 2022 Collin County Junior Livestock Show and Sale. The event, which features entries from FFA and 4-H members throughout the county, is set for the week of Jan. 8-15 at the...

read more
CDC receives update on community center

CDC receives update on community center

Princeton’s Community Development Corporation debated several furniture options for the new community center during its regular meeting Dec. 7, 2021. City Manager Derek Borg spoke to directors about the various furniture needs for each room of the building. He also...

read more
Property tax bills due Jan. 31

Property tax bills due Jan. 31

To avoid fines and penalties, Wylie property owners are reminded that the deadline to pay property taxes to the Collin County Tax Office is Monday, January 31. Tax statements were mailed to property owners in October last year from the county tax office on behalf of...

read more
Best of balloting now open

Best of balloting now open

Shop local. Eat local. Drink local. Now cast your ballot and Vote local. Voting for the annual Best of Princeton contest is now open and will continue through the end of the month. Whether you’ve lived in the Princeton area one year or 10 years, we know you’ve...

read more
Garland police investigating homicide

Garland police investigating homicide

Garland Police identified the gunman who killed three juveniles and wounded another at a Garland gas station the evening of Sunday, Dec. 26. Police believe the gunman, identified as Abel Elias Acosta, 14, is armed, dangerous and evading arrest. According to Lt. Pedro...

read more
Monoclonal antibody treatment exhausted

Monoclonal antibody treatment exhausted

The state health department announced it has run out of a key treatment to fight the omicron COVID-19 variant, which makes up about 90% of cases in Texas. On Monday, Dec. 27, the Texas Department of State Health Services announced its regional infusion centers in...

read more
Panthers fall to Lovejoy

Panthers fall to Lovejoy

The Princeton boys basketball team lost their district opener to Lovejoy 69-54. They kept it close early on, leading by two points at the end of the first quarter. Lovejoy outscored Princeton 19-12 in the second quarter and led 31-26 at halftime. The Leopards extended...

read more