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WISCONSIN RAPIDS – During the Mid-State Technical College (MSTC) Board of Directors meeting held Monday evening, the board adopted the 2006-07 fiscal year budget. Since 2002, MSTC has annually reduced the rate at which it taxes property according to a budget adopted by the MSTC Board after the June 19 public hearing in Wisconsin Rapids.
According to Dr. John Clark, MSTC President, the primary focus of the $38.7 million budget is to maintain programs and services to meet student, employer and community expectations. Nelson Dahl, Vice President of Finance, said the college is estimating an overall tax rate of $1.53, assuming a six percent increase in the equalized valuation of property in 2006-2007. "The budget's real dollar impact on area taxpayers is expected to be relatively minor. The owner of a $100,000 home will pay $152.81 for MSTC services, a reduction in the previous year’s tax bill of $1.46.” “This is the fifth consecutive year that MSTC has created a tax rate decline. Four years ago the cost to the homeowner with a property of the same valuation was $163.92,” added Dahl.
He added that MSTC will maintain a considerably lower impact than other taxing jurisdictions because the college serves a broader tax-base consisting of 97 municipalities in all or parts of Adams, Clark, Jackson, Juneau, Marathon, Portage, Waushara and Wood Counties.
The next Mid-State Technical College Board of Directors meeting will be held Monday, July 10 at the Wisconsin Rapids campus. Committee meetings are scheduled to begin at 4:00 p.m., with the regular board meeting beginning at 4:30 p.m.
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