BLINN BOARD PROPOSES NO NEW REVENUE TAX RATE FOR 2022

  

The Blinn Board of Trustees adopted a resolution today (Tuesday) to set its 2022 tax rate at the designated no new revenue rate.

The new tax rate of $0.0377 per $100 valuation is a decrease from last year’s rate of $0.0513, and will generate the same amount of tax revenue at $2,252,899.  Under the new rate, taxpayers will pay approximately $38 in annual taxes on a $100,000 home.

Vice Chancellor for Business and Finance Richard Cervantes believes the College’s tax rate has not been this low in at least 25 or 30 years, and is happy the College can reduce the rate and help out taxpayers.

 

Board Chair Jim Kolkhorst echoed Cervantes’ comments, saying the College is doing well to be able to lower the rate without much negative impact.

 

Property taxes make up 2 percent of the College’s operating budget for Fiscal Year 2023, with student revenue being 72 percent and state appropriations accounting for 26 percent.

Since the board moved to adopt the no new revenue rate, no public hearings are required.

Also at today's meeting, the board received a report regarding the College's proposed Quality Enhancement Plan (QEP), a course of action to improve specific student learning outcomes and successes.  College personnel proposed a QEP designed to identify students whose grade-point average has fallen below 2.0 after completing 12 credit hours and provide academic and student service support that will assist them in raising their GPA.

Vice Chancellor for Student Services Dr. Becky McBride presented trustees with a report that Blinn enrolled 3,820 students for the summer II semester, a 2.59 percent decrease from 2021.  This included 244,384 contact hours, a 9.13 percent decrease from the previous year.