CCC approves budget; Lowers tax levy for fourth consecutive year
GRAND ISLAND, Neb. (PRESS RELEASE) - The Central Community College Board of Governors has approved an operating budget for 2021-22, which includes a fourth straight decrease in the property tax levy for the 25 counties served by CCC.
The property tax levy was set at 9.1824 cents per $100 of assessed valuation, down from 9.2000 cents in 2020-21.
“Central Community College is proud to continue maximizing student and community success in our 25-county service area,” said CCC Board of Governors Acting Chair Rita Skiles. “To do this while reducing the tax levy, is a compliment to the college’s administration and employees.”
The total tax supported budget for 2021-22 is $72,578,980, which is an increase of $809,722 from the 2020-21 budget.
“Central Community College is pleased to continue the important work of serving students throughout our 25-county service area in essential careers like agriculture, advanced manufacturing, criminal justice, nursing, information technology, and environmental health and safety,” said CCC President Dr. Matt Gotschall. “Our elected board appreciates the additional state aid to help in reducing local property tax rates.”
In addition to local property taxes, other revenues include state aid, tuition and other sources tied to bookstores and food services, which are affiliated with CCC.
Additionally, the college has budgeted $10,502,422 in the capital improvement fund, a $747,402 increase from 2020-21, and $2,091,088 in a fund for removal of hazardous materials and compliance with the Americans with Disabilities Act (HazMat/ADA), a $412,307 decrease from 2020-21. The HazMat/ADA and capital improvement funds are also supported entirely through property taxes from CCC’s 25-county service area.
Property taxes are based on property valuations for the 25 counties served by CCC, which reported an increase in total valuation of $830,828,830, or an increase of 1.53 percent.
Total budgeted disbursements and transfers for Central Community College in 2020-2021 will exceed $120 million.
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