Tyler Junior College trustees are scheduled to discuss and then act on the proposed budget and tax rate for fiscal 2014-15 on Thursday.
The board will conduct a work session on the budget and finances at 10 a.m. in the conference room of White Administrative Services Center.
The board also will discuss progress on building projects during that session.
Trustees also will convene at 11 a.m. in the boardroom for a regular meeting in the White Administrative Services Center to consider the proposed budget and tax rate.
They already have conducted two public hearings on the proposed budget and tax rate at which no one spoke.
The proposed budget totals approximately $82.8 million, an increase of more than $4 million or about 5 percent compared with last year’s adopted budget.
The revenue to fund the increase will come in part through an increase in certain course-specific student user fees.
Students pay more fees to take certain courses, such as health care, and technical programs require the use of more expensive technology and equipment.
The tax rate under consideration is 19.99 cents per $100 valuation.
That is slightly higher than the effective rate of 19.82 cents, which is the rate needed to generate the same amount of revenue as last year.
It is less than 1 cent lower than the rollback rate of 20.87 cents, which is the highest rate the college can adopt without voter approval.
The owner of a $100,000 home would pay about $199.90 in property taxes, the same as last year.
The average TJC homeowner would pay about $265 in property taxes. The average home value in the TJC district this year is $132,583, up more than $3,330 from last year.
State revenue to help fund the budget is expected to be the same this year because this is the second year of the biennium, the state’s two-year funding cycle.
An increase in property valuations is projected to generate an estimated $600,000 in additional revenue.
Enrollment is expected to stay in the 10,000 range, unchanged from last year.
Some of this year’s budget expenses are tied to new health care programs coming on line this year and in the coming years.
These include occupational therapy assistant and physical therapy assistant. The college has already hired faculty for these programs and the first cohort of occupational therapy assistant students will start this fall.